Hubbard Establishes JV For New GP Operation In Hungary
HUNGARY - Hubbard has signed an agreement with ABONA kft to establish a local Joint company called "AGRABONA kft" which will be producing and distributing the Hubbard FLEX breeders in Hungary.
Becoming part of the existing Hubbard distribution network AGRABONA will produce Hubbard FLEX breeders not only for the Hungarian market, but also for neighbouring countries. The facilities (GP farms and GP hatchery) are located close to Budapest and are under the technical supervision and management of Hubbard SAS in France.
The Directors of AGRABONA, Jozef Nemeth and FerenÁ Voroshazi, said, "We have designed this new set up under the highest bio-security standards laid down by Hubbard. Our target for 2008 is to produce close to 1.5 million breeders, and the farms will be expanded for a higher volume in 2009."
Olivier Behaghel (GP Operations Director of Hubbard) and Jean-Louis Gac (Area Manager of Hubbard) confirm, "With this new base in Central Europe, which comes into addition to the Hubbard subsidiary in Poland, we are increasing our capacity to fulfil the strong demand for FLEX breeders in Central Europe, South Europe and other markets outside Europe."