July 15, 2009

Hungarian meat processor Babati is to establish a joint venture with German-Vietnamese Duc Viet Food in Vietnam, Hungarian business daily Napi Gazdasag has reported on Tuesday (July 14).

Kormend-based Babati es Tarsa Husfeldogozo Kft., which is one of the biggest meat companies in western Hungary, is to set up a joint venture with Duc Viet Food, a German-Vietnamese company operating in Hanoi.

For the time being, the new joint venture will focus primarily on Hanoi. Later, the company will build a meat processing and preserved meat producing plants specialised in Hungarian recipes.

Under the deal, Babati will provide the technology for production and has also assumed the task of staff training.

Under the terms of the agreement, at least 45 meat products manufactured by Hungarian technology could be marketed in Vietnam.

Babati was set up in 1991 and has the capacity to slaughter 50,000 hogs and roll out 10,000-11,000 tonnes of meat products a year.