Halház building €7 mln fish farm, processing plant

Recycling

Hungary's Halház is building a €7 million fish farm and processing plant in Szentgyörgyvár, managing director Andrej Panarin said at a press conference on Wednesday. The Russian-owned Halhaz has already spent about €3 million on the fish farm, which started operating in January, Panarin said. The farm can turn out 200 tons of Siberian sturgeon a year, he added. The processing plant is expected to be completed in October. Halház plans to start making its own products in December, selling them in Hungary as well as in Germany, Austria, Switzerland and later Russia. The base is expected to generate revenue of €15 million - €30 million in its first year. The fish farm and processing plant employs twelve people at present, but headcount will rise to 35 in the future. Halház wants to establish at least five similar fish farms and processing plants in Hungary.

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