Chemark Inaugurates EUR 13 mln Pesticides Plant

Crops

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Pesticides maker Chemark inaugurated a EUR 13 million plant in the Peremarton industrial park on Friday, according to a report by state news wire MTI.

The 1,500 sqm plant will boost Chemark's annual production capacity by 10 million liters to 65 million- 67 million liters, making it one of Europe's biggest pesticide makers, CEO Ervin Tégi said.

The government provided HUF 1.3 bln in support for the investment.

This year, Chemark expects revenue of more than HUF 25 bln, up from HUF 20 bln in 2021, Tégi said.

Chemark's biggest partners are Syngenta and Sumitomo Chemicals Agro Euro.

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