Hungarian pork manufacturer MCS Vagohid Zrt. intends to expand production
To implement the project in Moháč, the meat company received an investment grant of about 1.3 billion HUF (€ 4.2 million) from the Hungarian government, the Minister of Foreign Affairs and Foreign Trade of Hungary said.
These funds will be used to expand the material and technical support of the company and expand the packing enterprise, which will allow MCS Vagohid to invest, in total, HUF6.5 billion (€ 21 million) for the project. The government grant will cover about 20 percent of the project implementation costs.
Expansion of production capacities will allow the company to significantly increase domestic and external sales of its products.
After modernization and expansion, the company will be able to process up to 1 million pigs per year, according to the Hungarian minister. The project will create about 211 new jobs in Mohache.
MCS Vagohid is part of the Bonafarm group of companies, which produces almost 45,000 tons of meat per year and has a 30 percent share in the Hungarian recycled meat market. The assortment of products includes ham, sausages, bacon, salami and others.