Péter Szijjártó: SUGO FOOD Kft.’s investment in Baja further strengthens the domestic food industry

The minister reported at the announcement of SUGO FOOD Kft.’s investment that the Belgian-owned food industry company is building a new chip processing plant worth 17.5 billion forints, among other things, for which the government is providing a subsidy of 4.8 billion forints, thus helping to create thirty new jobs and make two hundred others concrete-safe. He explained that the development will further strengthen the domestic food industry, as it is the second largest tortilla chip manufacturer in Europe, and 90 percent of the raw materials used here are purchased from Hungarian farmers. He then announced that the company is in close cooperation with the Hungarian University of Agricultural and Life Sciences, which allows for extraordinary results in the field of potato production. “The processing capacity of peppers and broccoli is also increasing here, and the company is taking great steps to purchase peppers from Hungary in its entire global network. So this is another opportunity for Hungarian farmers, Hungarian agriculture, Hungarian farmers, which will increase the demand for their products,” he pointed out.

Péter Szijjártó emphasized that agriculture is the soul of the Hungarian economy

The sector has a heritage that is almost unparalleled in all of Europe and is also internationally competitive. “In the past ten years, 295 large-scale food industry investments have been made in Hungary, worth more than 1,500 billion forints, as a result of which the production value of Hungarian agriculture is now at an absolute peak, last year it exceeded 7,000 billion forints,” he informed. “And by now, Hungarian agriculture will be so developed that it could provide food for twenty million people, meaning we can produce the daily income for twice as many people as there are living in this country,” he noted. He also mentioned that the government is paying serious attention to the development of the Baja region, and in the recent period, support agreements have been concluded with thirteen companies, as a result of which investments worth a total of about 12 billion forints have been made, creating two thousand jobs. And he added that industrial production in Bács-Kiskun County has doubled in recent years, reaching a value of 3,500 billion forints last year, while unemployment has halved.

MTI