Agrosprint Mezőgazdasági és Ipari Termékforgalmazó

Type
Business expansion
Country
Hungary
Region
Alföld és Észak; Észak-Alföld; Jász-Nagykun-Szolnok
Location of affected unit(s)
Karcag
Sector
Manufacturing
(10 - 11) Manufacture of food and beverage
10.3 - Processing and preserving of fruit and vegetables
10.39 - Other processing and preserving of fruit and vegetables
60 jobs
Number of planned job creations
Job creation
Announcement Date
6 June 2023
Employment effect (start)
6 June 2023
Foreseen end date

Description

Hungarian frozen food producer AgroSprint inaugurated a new production hall in Karcag. The announced expansion plans to create at least 60 new jobs. With the addition of the new production capacities, the firm becomes the largest provider of frozen sweetcorn in Europe. The investment cost was roughly €32 million. The government covered 40% of the cost with a non-refundable grant.Due to the investment, the firm will increase its demand for "industrial vegetables", while at the same time, the ongoing irrigation development projects will enhance the capacity of producers to raise the output of these vegetables across the county and the whole Great Plain.

Sources

Citation

Eurofound (2023), Agrosprint Mezőgazdasági és Ipari Termékforgalmazó, Business expansion in Hungary, factsheet number 109172, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109172.