Magyar Cukor Zrt. was established by five Hungarian sugar plants on July 1st, 1995. In 1996 AGRANA took over a majority share in the company and this step give impetus to advance on the way to become a European player in the market. In the past decade AGRANA has been continuously ensured financial means and know-how for the development. After a rationalization period a firm structure has been established, consisting of the last sugar plant (Kaposvár Sugar Plant) and a company headquarters and sales center in Budapest.

With its sugar production capacity of 105,000 tonnes, Magyar Cukor Zrt. has the biggest sugar production (due to having the last sugar factory) and sales quota in Hungary.