Nissin Foods announces HUF 4.3 bln expansion in Hungary
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The local unit of Japan's Nissin Foods will spend HUF 4.3 billion to expand its instant noodle soup plant in Kecskemét (about 82 km southeast of the capital), Minister of Foreign Affairs and Trade Péter Szijjártó said on Thursday, according to state news wire MTI.
The government is supporting the investment, which will preserve 320 jobs and create 20, with a HUF 500 million cash grant, Szijjártó said.
Nissin Foods Kft will add 20% to its instant noodle soup production capacity and triple its warehouse space, he added.
He noted that 180 Japanese-owned companies employ more than 30,000 people in Hungary.
Nissin Foods Kft managing director Kurata Aya said the company plans to introduce new products in the framework of the EUR 12 mln investment. She noted that the plant in Hungary is Nissin Foods only manufacturing base in Europe, exporting to 20 countries.
Local suppliers deliver more than half of Nissin Food Kft's base materials, she said, adding that the company plans to expand further in Kecskemét in the future.
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