Kecskeméti Konzerv inaugurates HUF 3.3 bln capacity expansion

Manufacturing

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.

ADVERTISEMENT

Hungary to Expand Gripen Fleet With 4 Aircraft Analysis

Hungary to Expand Gripen Fleet With 4 Aircraft

Lawmakers to Vote Monday on New President Parliament

Lawmakers to Vote Monday on New President

High-tech Ratio in Hungarian Industry Rising Innovation

High-tech Ratio in Hungarian Industry Rising

Hungarians Prioritizing Travel Over Renovations This Year Tourism

Hungarians Prioritizing Travel Over Renovations This Year

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.