Civita Group Inaugurates HUF 2.5 bln Pasta Plant
Image by MTI/Zsolt Ceglédi
Family-owned Civita Group inaugurated a HUF 2.5 bln gluten-free pasta and edible tableware plant in Monostorpályi (206 km east of the capital) on Friday, according to a report by state news wire MTI.
Civita Group unit Agri-Corn was awarded HUF 1 bln in European Union and state support for the investment, CEO Gábor Vaszkó said.
The plant can process 40,000 tonnes of GMO-free maize a year, Finance Minister Mihály Varga said at the ceremony. The group's pasta capacity will triple, while production of cooking oil reaches 150,000 tonnes annually, he added.
Varga said the company's owners are weighing a listing on the stock exchange.
Vaszkó said the pasta plant will turn out 20,000 tonnes of product a year. The edible tableware will replace 500 tonnes of plastic plates and cups annually, he added.
This year, the group targets a 20% increase in revenue over last year's HUF 5 bln, he said.
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