Matusz-Vad to build HUF 700m frozen food warehouse
Hungarian catering industry supplier Matusz-Vad plans to build a more than HUF 700m frozen food warehouse in the Győr Industrial Park (NW Hungary), business daily Napi Gazdaság said on Friday.
Matusz-Vad plans to start the investment in February 2012, deputy-CEO David Nagy told the paper.
First-half sales were up almost 18% from the same period a year earlier and the company expects full-year revenue to exceed HUF 7bn, he said.
Exports now generate more than 17% of revenue, up from 10% a year earlier. Sales of the company’s franchise partner in Romania are up 70%.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 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.