Winding up of Horker

By: trademagazin Date: 2009. 03. 27. 08:59

The company had yearly HUF 8 billion revenue, but its financing bank annuled in 2007 and than started the graceful degradation.

According to business daily Napi
Gazdaság, the former family business grow to one of Hungary's
biggest processor of sour cherry and cucumber. The company was in
contact with over 10,000 farmers and manufactured 50 million liter
preserved foods in 2006. It was exported into 15 countries.

Horker' practise was to buy the raw
material by bank loan and payed it back when sold the conserves. The
circle snaped when its financing bank annuled. Later the company fall
in debt trap.