The food industry company Nissin is expanding its premises in Kecskemét for HUF 18 billion

By: Trademagazin Date: 2022. 12. 08. 11:00

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The Hungarian food industry has passed the stress test, after being able to remain on a growth path despite the difficulties in the world economy in recent years, but to maintain this, new investments are constantly needed, Minister of Foreign Affairs and Trade Péter Szijjártó said in Budapest on Thursday.

Szijjártó Péter: a magyar élelmiszeripar a válságok ellenére is növekedési pályán tudott maradni (Fotó: MTI/Koszticsák Szilárd)

According to the ministry’s statement, the head of the department reported at the announcement of Nissin Foods’ investment that the Japanese food industry company will expand its premises in Kecskemét to the value of HUF 18 billion. According to the plans, the state will provide HUF 1.3 billion in support for the project, which will be implemented by the end of 2026, thus facilitating the creation of fifty new jobs.

In his speech, he emphasized that the company, which works with an export ratio of 90 percent, has so far obtained about 56 percent of its raw materials from domestic small and medium-sized enterprises, so the development is good news for them as well.

Péter Szijjártó underlined: “the world stumbles from crisis to crisis, and these are serious tests for all actors of the world economy”.

MTI