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.
Manufacturing Manufacture Of Food And Beverage Manufacture Of Food Products 10.62 - Manufacture of starches and starch products
250 jobs Number of planned job creations
Announcement Date
11 February 2019
Employment effect (start)
1 January 2019
Foreseen end date
30 September 2019
Description
Viresol, a subsidiary of the Hungarian corporate group Opus Global, officially inaugurated its wheat starch production plant in the town of Visonta. The plant is not yet fully completed – additional capacities will be installed by June 2019. The plant, when reaching full capacity, will create more than 250 new jobs. The total employment effect – including the new jobs at suppliers – is expected to amount to 700 new jobs.
The plant will have a capacity to process about one-tenth of the part of the domestic wheat output that is produced for export markets. Its output is to be sold to buyers in the food industry, chemical industry, pharmaceutical industry, and also will be used in animal nutrition.
The investment cost was HUF 33 billion – approximately €10 million – 19% of which was covered by state subsidy.
Eurofound (2019), Viresol Kft., Business expansion in Hungary, factsheet number 96711, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96711.
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