Poultry processor invests HUF 878 mln

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Family-owned company Master Good has carried out developments at its poultry processing plants in Kisvárda and Petneháza in northeast Hungary at a cost of HUF 878 million, Hungarian news agency MTI reported today.

The company received a HUF 439 mln grant from the Ministry for National Economy as part of the governmentʼs support program for big companies that are not eligible for European Union funding.

The investment created more than 100 new jobs.

The funding document was handed over by Minister for National Economy Mihály Varga, who noted that Master Good is the biggest poultry processing company in Central Europe and has retained this position for several years.

Owner László Bárány noted that a larger, HUF 9 bln investment is underway at the company, expected to be completed in June 2017.

The Master Good group employs 1,900 people and had revenues of HUF 45.4 bln in 2015, posting net profit of HUF 1.6 bln.

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