Sara Lee to spend Ft 800 mln to boost tea capacity at Hungarian unit
US food giant Sara Lee is spending Ft 800 million to expand capacity at its tea-packaging plant in Budapest, head of Sara Lee Hungary Kft Tibor Seres announced on Wednesday.
In volume terms, coffee makes up 80% of the Hungarian unit's production and tea makes up 20%. In value terms, however, the share of coffee is 60% and the share of tea is 40%. The unit sells its coffee in other countries in the region as well, and it exports tea to several European countries as well as to Russia.
Sara Lee does not publish any financial figures for its foreign units.
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