Type
Business expansion
Country
Hungary
Region
Alfod es Eszak; Eszak-Magyarorszag; Heves
Location of affected unit(s)
Verpelét
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Food Products
10 - Manufacture of food products

250 jobs
Number of planned job creations
Job creation
Announcement Date
24 September 2010
Employment effect (start)
1 January 2011
Foreseen end date
31 December 2011

Description

On 24 September 2010 Asia Food Kft announced their plan to build a noodle factory in Verpelét, Hungary, which will employ 150-200 workers by mid 2011. The French owned company produces frozen Chinese noodle products. Most of the products will be exported to Italy and France.

The local government offered the 5400 square meter former barrack for the generous price of 3.4 Euro/m2, in order to encourage development. The municipality of Heves has an 18% unemployment rate, but this new investment could increase employment and attract more business to the region.

Update 23.03.2012: The company announced the start of production with 70 employees from 1 April 2012, and will hire further 180 employees until he end of 2012.


Sources

  • 24 September 2010: Napi Gazdaság
  • 24 September 2010: Heti Világ Gazdaság
  • 23 March 2012: HR Portal

Citation

Eurofound (2010), Asia Food, Business expansion in Hungary, factsheet number 70977, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70977.