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Orbán Inaugurates Huf 33 Bn Wheat Starch Plant

MTI-Hungary Today 2019.02.11.

Prime Minister Viktor Orbán on Monday inaugurated a 33 billion forint (EUR 103.2m) wheat starch plant in Visonta, in northeast Hungary. Grain processing company Viresol received a 6.2 billion forint government grant for the project, he said. 

“We will need many such brave and entrepreneurial companies in the future,” Orbán said, adding that “we would give more [state grant money] to other towns and villages if there were more strategies and more entrepreneurial spirit”.

The plant will process 250,000 tonnes of wheat a year using cutting edge, environmentally friendly technology. The investment  has created 250 jobs and employs some 450 people as suppliers.

The investor Lőrinc Mészaros, who controls Opus Global, Viresol’s majority owner, said about 30 million forints of the company’s own resources had gone toward the investment, and the government grant and credit had covered the rest. He noted that the wheat starch plant is the only one in Hungary. The plant will be supplied with electricity by the nearby power plant of Matrai Eromű, which Opus also owns, he added.

Featured Image: MTI