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 10.7 - Manufacture of bakery and farinaceous products
150 jobs Number of planned job creations
Announcement Date
16 September 2019
Employment effect (start)
31 December 2019
Foreseen end date
31 December 2020
Description
Bakery products manufacturing company Zalaco launched its new plant in Zalaegerszeg. The investment cost HUF 4 billion (€12 million), of which HUF 836 million (€2.51) was subsidised by the government. The new plant is going to produce frozen and packaged bakery products and confectioneries. Demand for these products has increased substantially in the last couple of years. According to reports, the investment is expected to create 150 new job positions in the new site by 2020. The company said that the plant is in the test trial phase and that actual production is planned to start at the end of 2019.
The company has a strong presence in Western Hungary, except for Pest county and Budapest. Its export volume has been quite limited so far, due to capacity constraints. There is hope that, with the new plant, the company can export to Austria, Slovakia, Croatia and Serbia.
Eurofound (2019), Zalaco Sütőipari, Business expansion in Hungary, factsheet number 98634, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98634.
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