EMCC European Monitoring Centre on Change

Viresol Kft.

Company/Organisation:
Viresol Kft.

Geographic Location

Country: Hungary
Region: Heves; Eszak-Magyarorszag; Alfod es Eszak
Location of affected unit(s): Visonta

Company

Sector: Manufacturing
Manufacture of food products, beverages and tobacco products
10.62 - Manufacture of starches and starch products
Number Employed: 0
Group: Opus Global Nyrt.

Employment Effects

Announcement Date: 11-02-2019
Type of Restructuring: Business expansion
Employment Effect Start: 01-01-2019
Foreseen End Date: 30-09-2019
Planned Job Creation: 250

Additional Information

Viresol, a subsidiary of the Hungarian corporate group Opus Global, officially inaugurated its wheat starch production plant in the town of Visonta. The plant is not yet fully completed – additional capacities will be installed by June 2019. The plant, when reaching full capacity, will create more than 250 new jobs. The total employment effect – including the new jobs at suppliers – is expected to amount to 700 new jobs.

The plant will have a capacity to process about one-tenth of the part of the domestic wheat output that is produced for export markets. Its output is to be sold to buyers in the food industry, chemical industry, pharmaceutical industry, and also will be used in animal nutrition.

The investment cost was HUF 33 billion – approximately €10 million – 19% of which was covered by state subsidy.

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