Type
Business expansion
Country
Hungary
Region
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
10.8 - Manufacture of other food products

230 jobs
Number of planned job creations
Job creation
Announcement Date
27 March 2017
Employment effect (start)
27 March 2017
Foreseen end date
31 August 2017

Description

Hungarian-owned Tisza-TK Projekt Kft. is building a new cereal processing plant near Szolnok in Tiszapüspöki for processing Hungarian grown non-GMO corn. Products will include alcohol, corn syrup, cooking oil and animal feeds. The greenfield investment's cost is around HUF 45 bn (EUR 144 million) which includes a HUF 9,2 bn (EUR 29,5 million) state grant. There are already 320 people working at the nearby facility of Tisza-TK Projekt, but the cereal processing plant will create a further 230 jobs in the following months.


Sources

  • 27 March 2017: agroinform.hu

Citation

Eurofound (2017), Tisza-TK Projekt, Business expansion in Hungary, factsheet number 90793, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90793.