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Italian meat company completes HUF 700 mln development

Telco

Italian-owned meat company Kometaʼ99 has completed a HUF 700 mln development at its plant  in Kaposvár, southwestern Hungary, the company told Hungarian news agency MTI. 

European Union and state grant money covered half of the cost of the investment, which is designed to reduce animal stress before slaughter, improving product quality.

Kometaʼ99 had revenue of HUF 25 bln last year, public records show. In 2013, the local council of Kaposvar acquired a stake in the company with a HUF 2 bln capital injection, aiming to preserve jobs.

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