Péter Szijjártó: Tolnatej Zrt.’s ten billion forint investment further strengthens the company’s competitiveness

The minister reported on the announcement of Tolnatej Zrt.’s recent investment that the domestically owned company is establishing a modern, automated whey protein processing plant worth ten billion forints, which the government is supporting with 3.5 billion forints, making numerous jobs secure. In his speech, he emphasized that a product that is in extraordinary demand on the world market will be produced as a result of this investment, which will provide a serious competitive advantage on international markets. He pointed out that by purchasing approximately 260 million liters of raw milk, Tolnatej Zrt., which operates in a modern manner and meets the highest hygiene and health standards, will provide predictable demand for more than a hundred Hungarian producers. He then emphasized that agriculture and the food industry are the soul of the domestic economy, the sector looks back on old traditions, yet is extremely competitive on an international level. “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 absolute peaks, reaching 7,000 billion forints last year,” he informed. “And as a result of these investments, we can produce food of appropriate quality and quantity for twenty million people in Hungary today (…) This means that we could practically supply double the Hungarian population with food products. After this, it is no wonder that the Hungarian food industry has set serious records in recent years; last year, for example, the production value of the food industry reached 7,000 billion forints, which has never been seen before,” he continued. He also mentioned that industrial production in Tolna County has tripled in recent years, reaching 1,000 billion forints last year, while unemployment has decreased by a third. According to him, Szekszárd has an outstanding role in this, as the government has also concluded support agreements with twelve other companies in recent years, as a result of which investments worth a total of 14 billion forints have been implemented, protecting approximately 1,650 jobs.

MTI