Kecskeméti Konzerv inaugurates HUF 3.3 bln capacity expansion
Illustrative photo by futuristman / Shutterstock.com
Photo by futuristman / Shutterstock.com
Hungarian canning company Kecskeméti Konzerv inaugurated a HUF 3.3 billion capacity expansion in Kecskemét (90 km southeast of Budapest) yesterday, according to uzletem.hu. The investment was supported by a HUF 1.2 bln government grant, Minister of Finance Mihály Varga said at the ceremony.
Managing director János Kovács said Kecskeméti Konzerv has built a 9,300 sqm warehouse, purchased equipment, drilled another drinking water well and upgraded its water treatment system. The company has spent close to HUF 11 bln on investments over the past five years, he added.
Kecskeméti Konzerv turns out almost 200 million cans of sweet corn and peas a year. It gets 90,000 tonnes of sweet corn a year from around 50 agribusinesses and can produce two million cans a day. It receives 5,000-6,000 tonnes of sweet peas a year and can turn out one million cans a day.
Kecskeméti Konzerv exports 98% of its output. Its biggest markets are Germany, Austria, Czech Republic, Israel, Japan, Poland, Slovakia, Scandinavia, and Turkey. Kovács noted that Hungary is the second- or third-biggest producer of sweet corn in the world.
The company had net sales revenue of HUF 17.2 bln last year, according to public records. Exports accounted for HUF 15.8 bln of that.
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