Japanese Nissin Foods brings its second European manufacturing plant to Hungary
Japanese Nissin Foods, one of the market leaders in the production of instant foods, is now bringing its second European production plant to Kecskemét. The investment worth 40 billion forints will double the company’s current local capacity, Minister of Foreign Affairs and Trade Péter Szijjártó announced in Budapest on Friday.
According to the ministry’s statement, the minister reported that the Japanese food company Nissin Foods is establishing a new production unit in Kecskemét to produce instant noodle soups in bags and cups as part of an investment of approximately 40 billion forints. The state is supporting the development with more than ten billion forints, thus helping to increase the number of employees to 600.
In his speech, he pointed out that the company is bringing the most modern technology available to Hungary, and in addition, it uses mostly local raw materials during its operation, thus the proportion of Hungarian suppliers is constantly increasing.
He added that 90 percent of the products produced in Kecskemét are sold on foreign markets, and the factory currently has an annual capacity of over 250 million pieces, which will now be doubled.
Péter Szijjártó, also praising the strategy of opening to the East, highlighted that there are more than two hundred Japanese companies operating in Hungary, which employ 30,000 people, and that the government has provided support for 72 large Japanese investments in the past ten years.
He also touched on the fact that Bács-Kiskun County is contributing increasingly to the performance of the Hungarian economy, with unemployment falling from 9.3 percent to 4.5 percent in ten years, while the value of industrial production has increased from 1,800 billion forints to 3,800 billion forints.
Related news
The willingness of large companies to invest has become more predictable
Large companies have reported significant changes in their willingness to…
Read more >Nestlé to invest $1bn to expand Mexico production
The Swiss giant is planning to increase the capacity of…
Read more >GKI: Large investments supported by the government are destroying the local labor market
The Hungarian government has announced several large investments in recent…
Read more >Related news
KSH: Food industry sales prices rose by 6.1 percent in January
In January 2025, industrial producer prices were up by an…
Read more >Consumer protection agency inspects Easter hams, fruit juices and gluten-free products
The National Trade and Consumer Protection Authority (NKFH) has begun…
Read more >Máté Lóga: 2025 could be the year of taking off
The dynamic expansion of retail turnover shows that after the…
Read more >