HUNGARY: Nutricia to close down dairy plant in Spring

Nutricia -group member Nutricia Termelohaz Rt , the legal successor of Hajdutej Rt , will close down its Szolnok-based (east of Budapest) dairy producer Wes R t in spring 2001, director Pal Istvan Kiss said. Kiss explained the decision by the fact that the factory in Szolnok has no possibilities for further expansion. Kiss added that the company is trying to find work for the 130-150 employees of Wes Rt in other plants. Nutricia Termelohaz Rt will also pay the laid-off employee's wages. Part of Wes Rt's production equipment will go to Gyongyos-based (northeast of Budapest) Nutricia-group member

December 21, 2000

Nutricia-group member Nutricia Termelohaz Rt, the legal successor of Hajdutej Rt, will close down its Szolnok-based (east of Budapest) dairy producer Wes Rt in spring 2001, director Pal Istvan Kiss said.

Kiss explained the decision by the fact that the factory in Szolnok has no possibilities for further expansion. Kiss added that the company is trying to find work for the 130-150 employees of Wes Rt in other plants. Nutricia Termelohaz Rt will also pay the laid-off employee’s wages. Part of Wes Rt’s production equipment will go to Gyongyos-based (northeast of Budapest) Nutricia-group member Matratej Kft. Hajdutej Rt’s equity was over HUF1bn before Nutricia acquired the company in September. Hajdutej had a 22-23% share in the Hungarian market last year, with 228 million litres of processed milk.