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Glencore vegetable oil plant near completion

Glencore Grain Hungary Kft, the Hungarian unit of Swiss-based commodity and raw material supplier Glencore International AG, will launch a new vegetable oil producing plant in Foktő, south of Budapest, this October. Worth several billion forints, the investment suffered multiple setbacks and underwent several redesigns and technological modifications, daily Napi Gazdaság reported, citing managing director Csaba Juhász. The plant will produce 650,000 tons of vegetable oil for the food and fuel industries. Glencore will hire 120-130 new staff in connection with the investment.