August 6, 2007

Hubbard establishes joint venture for new GP operation in Hungary
 

Press release
 

Hubbard has signed an agreement with ABONA kft to establish a local joint company called "AGRABONA kft", which will be producing and distributing 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.

AGRABONA's directors Jozef Nemeth and Ferenç 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) commented, "With this new base in central Europe, which comes in addition to the Hubbard subsidiary in Poland, we are increasing our capacity to fulfill the strong demand for FLEX breeders in central Europe, southern Europe and other markets outside Europe."

From left to right: Jean-Louis GAC (Hubbard), Ferenç Voroshazi

(Director of Agrabona) and Ferenç Komlosi (President of Abona)