Sugar Holding builds HUF 7.4 bln greenhouse

Recycling

Hungarian agribusiness Sugar Holding is building a HUF 7.4 billion greenhouse heated by geothermal energy, managing director László Miszori told MTI.

Sugar Holding won a HUF 1.8 billion state grant for the investment in Tura, near Budapest, Miszori said.

Construction will start next week and the greenhouse and attached dehydrator will be the length of twelve football pitches when completed in the middle of 2012. Sugar Holding will grow tomatoes in the greenhouse

The greenhouse and the attached processing plant, which is expected to generate annual revenue of HUF 2.7 billion, could be a model for similar investments, Miszori said. It also will generate several hundreds of job, he said.

ADVERTISEMENT

MNB Monetary Council Leaves Base Rate on Hold MNB

MNB Monetary Council Leaves Base Rate on Hold

Hungarian Lawmakers Ratify Finland's NATO Accession Parliament

Hungarian Lawmakers Ratify Finland's NATO Accession

Visa Launches She’s Next Grant Program in Hungary Fintech

Visa Launches She’s Next Grant Program in Hungary

HIPA Awards 'Investors of the Year' Awards

HIPA Awards 'Investors of the 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.