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Snack maker hungry for growth

Chio-Wolf Hungary Kft will invest several hundred million forints at its plant in Gyõr, northwest Hungary, CEO György Somogyi said.

The snack maker netted Ft 10 billion last year, and hopes to repeat the performance in 2006. Chio-Wolf exported snacks worth Ft 3.4 billion-Ft 3.7 billion during the past couple of years, and plans to sell Ft 3.5 billion abroad in 2006.
The company's local market share stood at 35%-36% two to three years ago but dropped to 32% in 2005. Chio-Wolf aims to retain its market share this year.