Zalaco inaugurates HUF 1 bln factory

Telco

Hungarian bakery company Zalaco today inaugurated a HUF 1 bln factory in Zalaegerszeg, western Hungary.

Zalaco employs 470 people and has annual revenue of more than HUF 4 bln. The company operates its own retail networks in three counties in western Hungary and is a wholesaler to 1,500-2,000 business partners.

Zalaco won a HUF 311 mln European Union grant for the project.

National Economy Minister Mihaly Varga participated in the ceremony.

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