Hungarian firm – Tisza-TK Projekt Kft – a major food and ingredients producer – is building a new plant that will process over half a million tonnes of maize per year by 2018.
The new plant will be built in Tiszapuspoki town, 134 km (83.26 miles) east of Budapest. With a capacity to produce an annual 230,000 tonnes of isosugar – a glucose-fructose syrup used in the food industry – as well as starch, alcohol and feed components, the new plant is expected to be built at a cost of 145 million euro ($161.39 million).
The plant is anticipated to process 530,000 tonnes of maize per year harvested in eastern Hungary.
Scheduled to be launched early in the second half of 2018, the production is likely to commence in the second half – with full capacity.
The Hungarian plant is aiming to export about 70 percent of its processed products – mainly to EU member states in the central European region. Revenue is expected to be about 50 and 70 billion forints ($180-$252.00 million) per year.
According to Agriculture Ministry of the country, Hungary exported about 3.6 million tonnes of maize in the past five years on an average. Most of the maize exports were to European countries such as Italy, Germany, Austria as well as Romania and the Netherlands.
Another Hungary based player – Hungrana processes over a million tonnes of maize annually.
More about maize processing will be discussed at 2nd Starch World Europe on 30-31st October, 2017 in Budapest, Hungary.
Contact Ms. Huiyan at email@example.com or call +65 6346 9113 for more details.