Insect protein plant in Üllő goes bankrupt
Published
Due to significant financial difficulties, the insect protein plant operated by Agroloop Hungary Kft. in Üllő is closing down. The company ended last year with a loss of nearly ten billion forints, which led to the impossibility of continued operations.
The company was previously engaged in the production of insect protein, which was intended to provide an alternative solution for animal feed. The project was met with high expectations; however, the economic results did not reach the planned levels, leading the company to decide on liquidation.
The liquidation process is being handled by a firm associated with the interests of Ferenc Papcsák. During the process, the company's assets will be sold to settle the claims of creditors.
An interesting aspect of the case is that the project was previously linked to the foundation of former President János Áder. The former head of state had repeatedly advocated for sustainable farming and innovative agricultural solutions, which included insect protein production.
The closure of the factory represents a significant loss for domestic agricultural innovation. According to experts, similar sustainable projects will require stricter economic planning in the future to remain viable in the long term on the Hungarian market.
Sources: Kontroll
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