Posted by: Gabor Grenczer, Counsellor, Economy and Trade Posted on: Wednesday 16 March 2011, 09:23

Swiss flavorings and fragrances manufacturer Givaudan laid the cornerstone for the company's CHF 170m (HUF 35.7bn) flavoring plant in southern Hungary on Thursday. Givaudan CEO-President Gilles Andrier said that the plant in Mako (S Hungary) is expected to begin full-scale production of food flavoring during the first quarter of 2013, employing 300 workers. Mr Andrier said that Givaudan would begin to gradually transfer production from the company's factories in Bromborough, England, and Kemptthal, Switzerland to the new plant in Hungary beginning in 2012. Foreign Economy State Secretary Zsolt Becsey said that the plant could provide indirect employment to as many as 1,200 people from the region. 2011-03-03