Are you sure?

Meat processor Kométa sees revenue falling 9% in 2010

Hungarian meat processor Kométa 99 expects to close 2010 with revenue of HUF 20 billion, down from HUF 22 billion in 2009, managing director Giacomo Pedranzini said at a press conference.

Kométa will make investments of HUF 3 billion in the coming 2-3 years, Pedranzini said. Kométa has invested more than HUF 6 billion at its base in Kaposvár and in product development since 1999, he added.

Kométa is one of Hungary's four biggest meat processors. The company's 600 workers slaughter some 300,000 hogs a year, processing more than 40,000 tons of pork. About 90% of feedstock comes from Hungarian suppliers.

Exports generate 30% of turnover. Most sales are in Italy, Spain and Germany, but the company exports to more than 20 countries altogether. (MTI – Econews)