Intersnack International scraps Hungary investment because of 'hamburger tax'
Netherlands-based Intersnack International is scrapping plans to boost production at its Hungarian unit because of the introduction of a tax on food high in sugar, salt, carbohydrates and caffeine from September 1, regional daily Kisalföld said on Wednesday.
Intersnack International will bring popcorn capacity to France and peanut snacks capacity to either Austria or the Czech Republic, the paper said.
György Somogyi, CEO of Intersnack's Hungarian unit Chio Magyarország, told MTI last October that the parent company planned to add capacity to its base in Győr (NW Hungary), turning it into a production centre for all of Central and Eastern Europe.
The extra capacity would have added 30-45 more jobs at the base where about 200 people work at present, Kisalföld said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.