Sole-Mizo invests HUF 1.8bln
Hungarian dairy company Sole-Mizo is investing HUF 1.8 bln in its “túró” – a dairy product similar to cottage cheese – and yoghurt business, Sole-Mizo’s CEO István Herczeg announced today in Szeged.
Production of Túró will be boosted from a weekly 50-60 tons to 80-100 tons, the CEO said. The company was awarded a HUF 845 mln European Union and state grant for the investment.
The company’s sales exceeded HUF 42 bln last year. Approximately one-fourth of its sales revenue came from exports, mainly to Romania, the Arab states and Western Europe.
Sole-Mizo is a unit of Bonafarm, an agrobusiness group owned by OTP bank head Sándor Csányi.
ADVERTISEMENT
MNB Keeps 0.5% Capital Buffer Activation Date
Ukraine Suspends OTP Status on 'Sponsors of War' List
ÖBB Detaches Hungarian Direct Trains Due to Delays
Pálinka Added to EU-Japan Geographical Indication Deal
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.
