Master Good plans HUF 15 bn capacity expansion

Hungarian poultry company Master Good is planning a 15 billion forint (EUR 46.3m) capacity expansion at its base in Kisvarda, in northeastern Hungary, Foreign Minister Peter Szijjarto announced on Monday. The government will provide a grant of 3.4 billion forints to the project, Szijjarto told a press conference, adding that this is the first one awarded under the Hungarian Investment Promotion Agency's new programme for technology intensive projects. The investment will raise Master Good's revenue by 50 percent within two years after its completion, managing director Laszlo Barany said. It will also put the base in Kisvarda among the six biggest poultry processors in Europe, he added.