Food Industry
Industry: Email Alert RSS FeedBako Hungary set on path of growth - Brief Article
Eurofood, Sept 27, 2001
Hungarian bakery wholesaler Bako Hungary is hoping to turn over HF3.2bn (12.7m [European Dollar]) this year.
In recent years, the Hungarian subsidiary of German parent company Bako - Central and Southern Germany has posted annual growth of at least 13%.
While celebrating the ten-year anniversary of the company arriving on the Hungarian market, German economics minister Walter Doring said that the cooperation between parent company and subsidiary was a "symbol of the German-Hungarian partnership and of European unity".
From humble origins, the Hungarian company now employs 32 staff and has 1 500 clients.
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It will soon have to move to a new site in order to allow for recent and future expansion, according to managing director Jnos Pataki.
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