Li Cheng to build EUR 5 mln food processing plant in Tiszafüred

Recycling

Chinese-owned Li Cheng is building a nearly EUR 5 million food processing plant in Tiszafüred (146 km east of Budapest), the cityʼs mayor told MTI.

Tiszafüred (Photo by tiszafured.hu)

Construction of the plant will start next spring and production could start in the second half of 2020, said Imre Ujvári.

The plant will create more than 100 jobs, he added.

Li Cheng already has production at its headquarters in Gödöllő, on the outskirts of Budapest, and in Tiszanána, close to Tiszafüred. Almost 200 people work at the bases.

Li Cheng had revenue of HUF 2.3 bln last year, public records show.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.