The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Alfod es Eszak; Eszak-Alfold; Jasz-Nagykun-Szolnok
Location of affected unit(s)
Tiszapüspöki
Sector
Manufacturing Manufacture Of Food And Beverage Manufacture Of Food Products 10.81 - Manufacture of sugar
500 jobs Number of planned job creations
Announcement Date
30 October 2017
Employment effect (start)
30 October 2017
Foreseen end date
Description
Hungarian food industry company Kall Ingredients opened its new factory which will create 500 jobs and 750 will be created indirectly in Tiszapüspöki, Jász-Nagykun-Szolnok county.
The HUF 45 billion (EUR 144.5 million) investment was supported by a HUF 9.2 billion (EUR 29.5 million) government grant. Built on a 68 hectare area, the factory will produce isoglucose and other liquid sugars and sweeteners from non-gmo Hungarian corn. Projected to process 530,000 tons of corn yearly, the factory is expected to generate approximately HUF 55 billion (EUR 176.5 million) turnover annually.
Sources
30 October 2017: origo.hu
31 October 2017: nepszava.hu
Citation
Eurofound (2017), Kall Ingredients, Business expansion in Hungary, factsheet number 92485, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92485.
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