Production cut at Herz

By: trademagazin Date: 2009. 04. 27. 04:56

Production has been cut by Budapest-based salami-factory Herz Ltd. in the past few months – Endre Nagy, CEO of the company said in one of the dailes.

According to certain news, production had practically stopped in the factory, but the CEO has not supported these assumptions. He added though, that the crisis is having direct effect on the factory by causing financial problems. This year's results highly depend on whether or not a stable financial structure can be defined, the CEO added. The company reached a profit of 7.1 billion HUF, most of this income deriving from foreign sales.