Hajdú Gabona rebuilds mill for Ft 1.5 bln
Milling company Hajdú Gabona Rt has completed reconstruction of its mill in Hajdúnánás, northeast Hungary for Ft 1.5 billion, CEO Zoltán Lakatos announced today.
The company used bank loans of Ft 765 million for the project, as well as subsidies of Ft 250 million from SAPARD and Ft 50 million from AVOP.
The rebuilt unit, which includes a 22,000-ton grain storage facility, has capacity to grind 250 tons of wheat a day.Hajdú Gabona had profit of Ft 150 million on revenue of Ft 7.5 billion last year, and expects to keep its profit level on slightly lower revenue of Ft 7 billion in 2006, Lakatos said.
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.