Finance Minister Mihály Varga said the state awarded Gyermelyi HUF 1.7 bln for the investment in the framework of a scheme designed to support capital expenditures at big companies.
Gyermelyi chairman-CEO Béla Tóth said the mill has a daily capacity of 300 tonnes. Including the capacity of Gyermelyi's existing two mills, the company can now mill 800 tonnes of wheat a day, he added.
That capacity can be used by foreign partners as well as by Gyermelyi and its local partners, he said.
Gyermelyi is spending HUF 3 bln to add storage for 40,000 tonnes of grain in an investment that will be completed by the summer, he added.
Gyermelyi is Hungary's biggest egg producer, turning out 140 million a year. It uses up to 700,000 eggs a day at its noodle plant.
Last year, Gyermelyi produced almost 42,000 tonnes of noodles. Over 35% of that was exported.
The nominal capacity of the plant is 70,000 tonnes a year.
Gyermelyi had net sales revenue of HUF 27.1 bln in 2021, public records show.
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