Consortium completes HUF 1.9 bln crop research program
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A consortium led by Törökszentmiklósi Mezőgazdasági has completed a HUF 1.9 billion research program on the genetic utilization of plants in the Pannonian region, with European Union and national funding of HUF 1.6 bln, the company said on Monday, according to a report by state news wire MTI.
Törökszentmiklósi Mezőgazdasági provided the remaining close to HUF 300 million of funding.
The other participants in the four-year program were the University of Debrecen, the Hungarian University of Agriculture and Life Sciences, cereal research company Gabonakutató Nonprofit and the University of Sopron.
The program involved 160 researchers and other staff, who worked on 22 research topics. The main goal of the program was to establish methods for cultivating species and varieties that can be adapted to climate change and spread in a dry-continental climate. The project resulted in around a dozen new marketable products, methods and technologies, which are expected to boost the company's revenue in the coming years, they said.
Törökszentmiklósi Mezőgazdasági had revenue of more than HUF 2.2 bln in 2020, public records show.
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