Pek-Snack invests HUF 1.1 bln in capacity expansion
Frozen bakery products maker Pek-Snack has expanded capacity at its factory in Igal (SW Hungary) by 40% with a HUF 1.1 billion investment, the company said on Thursday.
Pek-Snack installed an automated production line and a proofing and blast freezing unit, supported by a HUF 287 million grant from the Ministry of Foreign Affairs and Trade to improve competitiveness.
Managing director Csaba Antal said the investment will help the company enter markets in Slovakia and Bosnia and Herzegovina this year.
Pek-Snack distributes its products to 1,800 bakeries and a number of retail chains in Hungary. It has been present in Croatia since 1999.
The company had revenue of HUF 5.7 bln last year, including HUF 861 mln from exports, public records show.
The company employs 350 people but its franchises provide a livelihood for several thousand households.
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