Takeover of mill boosts PannonMill market share to over 25%

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Hungarian milling company PannonMill's takeover of operations at a mill in Baja (SW Hungary) will raise its market share from 20% to 25-26%, chairman-CEO Zoltán Poór told journalists on Thursday.

Taking over operation of the mill will raise PannonMill's output from 220,000 annually to 300,000 tonnes, Zoltán Poór said.

Hungarian mills will mill about 1.2 million tonnes of this year's 4-million-tonne wheat harvest, he said. About two-thirds of this year's harvest is of milling quality, up 10% in volume from last year, he added.

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