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Naki Mezőgazdasági spends HUF 1bn to boost capacity at hog farm

Agribusiness Naki Mezőgazdasági is spending more than HUF 1 billion on investments this year to boost its hog capacity from 1,700 to 2,500 tons, CEO Gyula Soltész told MTI. About 42% of the cost of the HUF 1.02 billion investment is coming from the European Farm and Rural Development fund, Soltész said. Naki Mezőgazdasági expects to recoup the investment within seven years, he added. In addition to improving the technology at its hog farm, which will cut the time to bring the animals to slaughter weight from 114 to 98-100 days, the company has raised capacity from 3,000 to 8,500 animals. It now expects to sell an annual 23,000-24,000 hogs a year, up from 17,000 earlier. Naki Mezőgazdasági had revenue of HUF 1.8 billion in 2009. The company rents 1,911 hectares of farmland, but wants to reduce this to 300-400 hectares by 2015, Soltész said. (MTI-Econews)