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Feb 12, 2019

PM Orbán inaugurates 33 billion HUF wheat starch plant in Visonta

“We would give more [state grant money] to other towns and villages if there were more strategies and more entrepreneurial spirit," the prime minister said

Prime Minister Viktor Orbán inaugurated a 33 billion HUF (103.2m EUR) wheat starch plant in Visonta on Monday.

The prime minister highlighted how grain processing company Viresol received a 6.2 billion HUF (20m EUR) government grant for the project.

“We will need many such brave and entrepreneurial companies in the future,” PM 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”.

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

Investor Lőrinc Mészáros, who controls Opus Global, Viresol’s majority owner, added that about 30 million HUF of the company’s own resources had gone toward the investment, and the government grant and credit had covered the rest.

Mészáros 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 Mátrai Erőmű, which Opus also owns, he concluded.