Announcing the plan, Minister of Foreign Affairs and Trade Péter Szijjártó said the funding was to help support the domestic food industry, which generated a production value of HUF1,500bn and was responsible for almost 140,000 jobs in the country.
In a statement, László Bárány, managing director of Master Good said that, with this investment, the Kisvárda plant would be among the six largest poultry plants in Europe. He added that the group’s revenues were expected to increase by 50% in the second year of the investment.
In 2017, Master Good had a sales revenue of HUF69bn, and sold almost three-quarters of its products abroad, in 40 countries around the world.
Tibor Leleszi, Mayor of Kisvárda, said the settlement had launched a training programme for food industry engineers in accordance with the company’s labour needs as the development would require not only manual workers, but also highly qualified experts. The new project was particularly important for Kisvárda because it might encourage local youths to stay in the settlement by creating new job opportunities, he added.