Company president Suchai Ratanajiajaroen was quoted in India-based media as explaining that “Because of the economic slowdown in Europe, we will be able to purchase the plant at a good price,” but that “the most important issue is whether we will be able to export instant noodles from our plant in Hungary to other markets in Europe … We have already exported instant noodles to those European markets from Thailand, but faced many difficulties, including high transport and freight costs, high import duties and currency fluctuation.”
Thai President Foods Hungary was established in May 2013 with capital of HUF 2.35 billion.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
