China's BBCA lays cornerstone for HUF 34bn citric-acid plant
China-based BBCA Group laid the cornerstone for a HUF 34 bln citric-acid plant in the city of Szolnok, the group announced yesterday. This is the second citric-acid plant building to be announced this month.
The plant will be built by a Chinese-Hungarian joint-venture owned by BBCA and by the Hungarian State. Hungary's share will not exceed 49%.
China's BBCA plans to hire 440 people to work at the Szolnok plant.
Opening towards Eastern oppportunities does not mean Hungary is neglecting western markets, National Economy Minister Mihály Varga said at the event. However the government must seek possibilities elsewhere if European countries continue to stagnate economically.
As part of its Eastern-facing agenda, the National Economy Ministry set up 16 new departments in 2012 to boost Hungarian trade in Asia.
Citric acid is a natural preservative/conservative which occurs naturally in citrus fruits and is also used to add an acidic or sour taste to foods and drinks.
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