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Kaiser Food invests to expand markets

Kaiser Food Kft plans to export 15% of this year's production, compared to the 1% from 2005, Managing Director Attila Réti said.

The company decided to enter the German, Croatian, and Slovak markets last year after a Ft 1 billion investment at its meat producing plant in Abda, and another factory in Mosonmagyaróvár, both in northwest Hungary. Kaiser Food produced a total of 6 tons of meat products last year, generating Ft 4.3 billion in revenues. The company hopes to sell products worth Ft 5 billion in 2006.