HUF 600 Million Investment in Törökszentmiklós

Kunsági Mill Ltd. in Törökszentmiklós, E Hungary, has improved its milling technology, and a HUF 600 million investment has increased the company's wheat storage capacity by 10,000 tons, the company said in a statement sent to the state news agency MTI on Thursday.

According to the information, the company won a non-refundable grant of almost HUF 200 million for the investment in the Economic Development and Innovation Operational Program (Ginop) tender (supported by European Union funding), and also received a refundable loan of almost HUF 200 million. The company contributed around HUF 200 million of its own resources to the investment.

Thanks to the investment, the existing storage capacity of 35,000 tons of wheat has been increased by 10,000 tons, and a modern, high-performance receiving and cleaning system has been built.

“The worn-out cleaning system and milling technology of the mill, which has stored around one and a half million tons of grain over the past 25 years, have been renewed and its capacity expanded. The production of rye, spelt and wholemeal wheat flour to meet modern nutritional needs has been modernized, and the sieve system has been replaced with modern, more powerful equipment," the statement said.

The increased output, improved hygiene requirements and a wider range of products are all designed to meet the needs of the population and consumers, it said.

The company, which employs 41 people, sells to several countries in the European Union, mainly Romania, but also has a market outside the European Union. 70% of its products are sold domestically, 30% are exported.

The company's profile was expanded in 2019 with the addition of a corn mill in nearby Karcag. The modern technology allows the production of both edible and industrial maize flours, grits, special extrusion products. To meet modern nutritional needs, a separate mill is operated, producing high-fiber rye, spelt, wholemeal wheat, graham grits.

According to the public company data, the net sales revenue of Kunsági Mill Ltd. in 2020 was HUF 6.571 billion, and its profit after tax was HUF 312 million. In the previous year, 2019, it had a turnover of HUF 5.055 billion and a profit of HUF 218 million.