Nagy István Vandarhalászatok

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Nagy István Vandarhalászatok Nyrt.
Public limited company
IndustryFisheries
FoundedNovember 26, 1902; 121 years ago (1902-11-26)
FounderNagy István
Headquarters,
ProductsFresh and frozen fish, shellfish, fishing equipment, other frozen goods
OwnerNagy Kristóf
Number of employees
11,832 (2021)

Nagy István Vandarhalászatok Nyrt.,[1] often known as simply Nagy István after its eponymous founder, is a major fishing company based in the Pentapolitan city of Wrzeszcz-Kokoszki, Hendalarsk. Founded in 1902, the company is one of the largest fisheries in the Vandarch and is by far the most prominent in Hendalarsk, where it is an icon of Khunyer culture. Since the completion of the Vandarch Grand Canal in 1975, Nagy István has expanded globally, with a particular focus on the Arctic Kilikas Sea and Sea of Nordska.

History

Controversies

In October 1983 Nagy István was at the centre of a diplomatic spat between Hendalarsk and the Pentapolis, after lead levels in a shipment of the company's mussels were found to be over four times the acceptable healthy limit by the Hendalarskara Food Standards Commissariat. This level was not, however, outside the bounds of the Pentapolis' far more lax environmental guidelines. Insvestigative proceedings revealed that the company had been aware of the issue for eight months prior to it becoming public knowledge, but had used the Pentapolis' lenient guidelines to avoid having report the issue to Hendalarskara authorities while it attempted to resolve the problem. The incident sparked an outcry in mainland Hendalarsk, seriously damaging the brand's credibility for the remainder of the 1980s.[2] At one stage the Hendalarskara government threatened to compel the Pentapolis to adopt Hendalarskara environmental regulations in full, a move which would have seriously impacted the profitability of many other industries across the Vandarch. Ultimately it was agreed that Pentapolitan goods exported to Hendalarsk proper would have to abide by Hendalarskara, rather than Pentapolitan, standards, while Nagy István issued a public apology and paid a 210,000,000-Großthaler fine (which was at the time the largest fine ever paid by a Hendalarskara company). Brand analysts estimated that Nagy István had managed to recover its pre-1983 reputation and market share by 1991 at the latest.

Notes

  1. "Nyrt." is short for "Nyilvánosan Működő Részvénytársaság", a Khunyer corporate structure equivalent to a public limited company.
  2. A popular joke of the time was to refer to the company as "Nagy Giftsvan", as Gift is Hendalarskisch for "toxic".