Kall Ingredients

Type
Business expansion
Country
Hungary
Region
Alföld és Észak; Észak-Alföld; Jász-Nagykun-Szolnok
Location of affected unit(s)
Tiszapüspöki
Sector
Manufacturing
(10 - 11) Manufacture of food and beverage
10.8 - Manufacture of other food products
10.81 - Manufacture of sugar
500 jobs
Number of planned job creations
Job creation
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://apps.eurofound.europa.eu/restructuring-events/detail/92485.