Wednesday, September 27, 2023
HomeEconomy + BusinessRegional newsAmerican Conagen Group Opens Factory in Kaba

American Conagen Group Opens Factory in Kaba

With an investment of USD 15 billion, the American Conagen Group is building a new plant at the former plant of Agroferm in Kaban.

Steven Chen, the group’s founder chairman announced that the company produces GMO-free ingredients, flavors, fragrances and additives for food and cosmetics using the latest biotechnology.

It is planned to supply all its European partners from their factory in Kaba and to set up a research and development department. Zoltán Pajna, chairman of the General Assembly of Hajdú-Bihar County and Emma Szegi, mayor of Kaba, talked about the biggest development in the region since the closure of the sugar factory in 2006 and the suspension of Evonik Agroferm production last year.

The new plant will employ 250 workers, among them, it will also provide work for many researchers. The American company also counts on local producers and suppliers. Producers will get all the help they need to produce new crops.



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