Gyulai Húskombinát stops the producing of its cold cuts

According to Ruck János Chief Executive Officer, Gyula Meat Factory stops the producing of 15-20 meat products. Due to the financial difficulties the company has to reorganize its operation, which entails a reduction in production.

Gyulai Húskombinát now wants to concentrate on the production of the two leading brands Gyula sausage and Gyula liver oils. The financial problems were caused because the company couldn’t agree with the financing banks on the replacing of the missing funds, moreover, the prices of the imported supplementary materials which are necessary for the production increased by 30 percent due to the weakening of thhe Forint. Hage Ltd. of Nádudvar which is the majority owner of Gyulai Húskombinát provided 500 million HUF in assistance to the company, but to ensure the raw material supply a further 700-800 million HUF would be needed reports Világgazdaság Online.