The company was selected from Austrian, Australian and Middle-Eastern applicants for the tender, the company said.

Kőröstej employs approximately 1,000 people in Hungary and is the largest cheese exporter in the country, with 65-70% of its cheese products being exported. Some 85% of all the exported cheese goes to Arabian countries, the press release noted.

“Our aim is to further strengthen our position on the export market”, said CEO Dr. Riad Naboulsi, who founded the company in 1989, according to the press release.