Hungarian agribusiness Master Good on Tuesday inaugurated a HUF 1.6bn renovation and expansion at its poultry processing base in Kisvárda (NE Hungary).
The investment, which involved replacing all of the slaughter lines and boosting capacity at the cutting plant by 60%, has made Master Good the biggest poultry processor in Central Europe, said owner László Bárány.
The base will supply supermarket chains in Hungary and abroad, including Tesco stores in the Czech Republic, Slovakia and the UK. It will also supply McDonaldʼs units in the region.
The base accounts for one-quarter of Hungaryʼs poultry output, turning out half a million chickens a week.
Master Good paid for the investment with its own resources and a bank loan.
Master Good expects to close 2011 with revenue of HUF 31bn, up from HUF 24bn in 2010, Bárány said. Headcount s rising from 860 to 920 this year, he added.
The company is preparing to spend HUF 4.5bn on a new hatchery and broiler farm in nearby Szabolcs, Bárány said. The investment will start before the end of the year, he added.
Master Good is paying for the investment with its own resources, European Union funding and a bank loan.
Master Good now exports to South Korea and China as well as to countries in the region.
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