Gyermelyi lays cornerstone of HUF 5.5 bln mill

Manufacturing

Hungarian noodle maker Gyermelyi laid the cornerstone of a HUF 5.5 billion mill at its base in Gyermely (31 km west of Budapest) on Friday.

Finance Minister Mihaly Varga said the government is supporting the investment with a HUF 1.7 bln grant. He added that the government had supported a now completed HUF 1.6 bln capacity expansion at the company with a HUF 500 million grant.

The grants were awarded in the framework of a program supporting investments at big companies.

This year, the government has earmarked HUF 25 bln for the continuation of the scheme, Varga said.

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