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On the 16th of August,2016,China BBCA Group,investment company of Hungarian Development Banksigned the cooperation agreement Under the witness of the mayor of Szolnok . 
On the 16th of August, 2016, the general manager of BBCA Szolnok biochemical signed the general service contract with the agent.
The above events marked the startof 60,000 t/a citric acid project of BBCA Szolnok biochemical.
Corn is used as raw material to produce main products,60,000 tonscitric acid.This is the first greenfield investment project in Hungary which is invested byChina.BBCA groupprovides core technology,Hungarian Development Bank providesloan to support the project.At present,we have obtained the Hungarian government preferential tax policies and subsidies as well as construction license and environmental license in Hungary. The project willcreate 255 direct jobsand1000 indirect jobs.It promotes the local economic development.

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