A Thai food company buys a plant in Hungary

The Thai President Foods purchases a food plant in Hungary for 2.1 billion HUF, to get a foothold on the European market – Thailand's The Nation news portal wrote.

The Thai company will export pasta products to the European market including Great Britain, Germany, France, the Netherlands, the Czech Republic and other Eastern European countries. “We exported our products from Thailand to these countries before, but we faced a number of problems, such as high transport costs, customs duties and currency exchange rate fluctuations,” – Suchai Ratanajiajaroen president of Thai President Foods told the newspaper. (MTI)