The balance of power in the global meat industry has shifted, with chicken meat emerging as the winner of the past decade. Returning from the ANUGA food industry trade fair in Cologne, László Bárány, managing director and owner of Master Good, said that the poultry sector is set to grow by at least 25% over […]
Thirty-four Hungarian exhibitors are showing their products at a national stand organized by Agrármarketing Centrum at the Anuga food trade fair in Cologne, Germany on October 4-8, MTI reports Around 8,000 exhibitors from 110 countries are participating at the fair. The Hungarian participants are showing paprika, honey, fruit squash, foie gras and special seed oil […]
The vegetable processing firm Eisberg Hungary, located in Gyál, just southeast of Budapest, is renowned for great working culture, inclusion and innovation. The company, part of the Swiss Bell Food Group, has been maintaining its market leader position for over three decades. A year ago, Eisberg Hungary saw a change in top management as Zoltán […]
Nestlé has been a key player in the global food industry for over 150 years and has actively shaped economic and social processes in Hungary for more than three decades. In an interview with Diplomacy&Trade, the CEO of Nestlé Hungary, Péter Noszek discusses the importance of the Szerencs solar park, net-zero emission targets, the expansion […]
Over the next two years, Hungary’s leading pasta producer, Gyermelyi Plc. will build and expand several production units. The investment program includes a new, fully automated high-bay warehouse, an expansion of pasta production capacity and packaging development, the Hungarian Investment Promotion Agency (HIPA) reports. With the support of the VIP Cash Subsidy Program, the investment […]
The Master Good Group started developing the technology and production line more than 10 years ago, which has enabled it to produce organ grindings. Construction of the new plant will start this year, so that by 2026 BioFer's products will be manufactured in a factory with an expanded capacity. The tripling of the current capacity […]
Japanese instant noodle giant Nissin Foods is expanding its operations in Kecskemét with a new production facility, the Hungarian Investment Promotion Agency reports. The Tokyo-based company, manufacturing products of iconic brands, such as Smack and Soba, is investing approximately EUR 100 million to establish its second factory in Hungary. The development will take place on […]
The Board of Directors of the Zwack Unicum Plc. has approved the Management’s report about the results of the Company in the first three quarters of the 2024–2025 business year, the company has announced on the website of the Budapest Stock Exchange. As the Management Report highlights, total gross sales of the company were HUF […]
Nestlé's factory in Szerencs, NE Hungary will be expanded with a new solar park with an annual capacity of 1.5 gigawatts with an investment of more than HUF 700 million with 45% support by the National Investment Promotion Agency (HIPA), the company told MTI on Friday. The system will come on stream in March next […]
A new production line, which cost over HUF 1 billion, has been added at the Hungarian muesli production firm Cerbona, which now has four production lines, while the investment will double the company's production capacity for muesli bars. CEO Tamás Mészáros has said at a press conference that the investment was financed from own resources […]
Félegyházi Bakery, a 100% Hungarian-owned, two-generation family business, has been implementing a HUF 10 billion greenfield investment since the end of last year, Zoltán Magyar, the bakery's chief operating officer, said in a podcast interview. Hungarian bakery products are of high quality, but Hungary still imports more of them than it sells on foreign markets. […]
Sixty Hungarian companies are represented at ANUGA, one of the world's largest food industry exhibitions, in Cologne, Germany until October 11, 2023, the Agricultural Marketing Center (AMC) told MTI. According to the information, 27 Hungarian exhibitors resent themselves at the 250 square meter stand of the AMC, while 33 Hungarian companies are present independently. The […]
The food industry company Pick Szeged Plc. closed the first six months of 2023 with a profit after tax of HUF 4.932 billion, compared to HUF 4.846 billion in the same period of the previous year, the company said in its half-year report published on the website of the Budapest Stock Exchange (BSE). In the […]
The Swiss multinational food and drink processing conglomerate corporation Nestlé has been present in the world for more than 150 years – and for more than three decades in Hungary. The secret of continuous development at Nestlé is that innovative, forward-looking food developments have been constant features throughout the company's history. The company was founded […]
The vegetable processing firm Eisberg Hungary, located in Gyál, just southeast of Budapest, is renowned for great working culture, inclusion and innovation. The company, part of the Swiss Bell Food Group, has been maintaining its market leader position for over three decades. The challenges brought on by the new coronavirus epidemic and the Russian invasion […]
