Hajdúböszörményi Mezőgazdasági has completed a HUF 807 million (€2.91 million) renovation of its cattle and hog farms supported with a HUF 407 million European Union grant, CEO Zoltán Erdélyi said on Friday.
The investment will raise the head of cattle the farm raises each from 11,000 to 16,000, Erdélyi said.
Hajdúböszörményi Mezőgazdasági expects revenue of HUF 1.5 billion in 2010, level with the amount in 2009, Erdélyi said, answering a question by MTI. The company's livestock activities will generate revenue of HUF 650 million – HUF 700 million in 2010, he added. (MTI-Econews)