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Hell Energy drink company to invest HUF 25-30 bln in Hungary

Hungarian-owned energy drink manufacturer Hell Energy Magyarország is planning to invest HUF 25-30 billion in the country in the next 5-8 years, the firm told Hungarian news agency MTI today.

The company expects headcount at the firm to rise by 350-400 in the next 3-5 years due to the investment, MTI reported, adding that the firm is also expanding its logistics center.

Hell Energy, which exports to more than 40 countries, has invested HUF 17 bln in the region since 2011, with European Union and national resources, the news agency said.

The company had net profit of HUF 560 million on revenue of HUF 12.7 bln in 2014, according to MTI.