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KITE inaugurates HUF 1.4 bln logistics base

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Hungarian agribusiness KITE inaugurated a HUF 1.4 bln logistics base in Nádudvar in norhteastern Hungary, Hungarian news agency MTI reported today.

KITE is planning to store parts in a 5,000 sqm warehouse at the site, CEO Levente Szabó said, adding that a staff of 30 would work at the base.

Prime Minister Viktor Orbán and OTP Bank CEO Sándor Csányi attended the inauguration. The Prime Minister acknowledged KITE's role as an integrator ephasizing that Hungary's agribusinesses must work together to raise the profile of the country's farmers on a global scale, while the CEO spoke about modernization in the sector.

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