The government is supporting the investment, which will preserve 784 jobs, with a HUF 980 million grant, Szijjártó said.
The investment will boost capacity by 25% by upgrading technology for fermented dairy products as well as increasing output of desserts, raising production of its Pöttyös brand of chocolate-covered cottage cheese snacks over 1 million a day, he added.
Szijjártó said Dutch-owned companies employ 15,000 people in Hungary, and bilateral trade between Hungary and the Netherlands exceeded EUR 8.5 bln last year.
FrieslandCampina CEO Péter Szautner said the investment would create new opportunities for sales on foreign markets. He noted that 300 of FrieslandCampina's 1,500 employees work in Mátészalka. The company has operated a shared services center in Budapest since 2017, he added.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
