Nagisz Unit Completes HUF 5.9 bln Hog Farm
Hage, a unit of the Nagisz group, has completed a HUF 5.9 billion hog farm on the outskirts of Békéscsaba, the agribusiness said on Wednesday, according to a report by state news wire MTI.
The farm, built with HUF 2.2 bln in state support, is expected to turn out 25,000 hogs a year.
The general contractor for the investment was Bodrogi Bau.
The investment is the largest in a series of projects with a combined value of HUF 30 bln on which Nagisz decided late in 2020, when OTP Group's PortfoLion Green Fund acquired over 90% of the group. By 2024, the group aims to sell 300,000 hogs a year.
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.