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Kaba sugar refinery to be converted into industrial park

The former Kaba sugar refinery in eastern Hungary will be converted into an industrial park at a cost of more than HUF 850 million, project manager Levente Zsuponyó said on Tuesday.

The conversion is supported with almost HUF 430 million in European Union funding, Zsuponyó said.

Eastern Sugar decided to shut down the Kaba sugar refinery in the autumn of 2006 after the EU slashed sugar price subsidies. (MTI-Econews)