Árklub, the family-owned business has announced its plans to build a HUF 8.3 billion chocolate factory in Bátonyterenye (97 km northeast of Budapest). This project has been supported by a grant provided by the government worth HUF 3.3 bln.

This is a major effort to revamp the once thriving global sweets industry in Hungary. This was the statement made by Levente Magyar, the state secretary at the Ministry of Foreign Affairs and Trade who help the opinion that the investment had a positive impact locally and internationally.

Currently, the company has been branded Vadász which means ‘Hunter.’ It has 67 products, and the production of chocolates has been outsourced for a long time. But the new plant will provide a solution to promote production.

Vadász chocolates were produced in a factory located in Budapest; it was owned by the Ukrainian President Petro Poroshenko. The outsourcing contract was terminated late last year by the factory. Subsequently, the HUF 3.3 bln grant was approved as part of a diplomatic response to the cancellation of the contract, as stated by Magyar in the official government website kormany.hu.

It is Árklub’s first factory, planned to cover an area of 15,000 sq. Meters. With a planned workforce of 150 employees, the company is expected to commence operations at the end of 2019.