Hell Energy expecting new plant in September

Manufacturing

Photo courtesy of Hell Energy

Hell Energy Hungary Kft. is expecting a new development in Szikszó (195 km northeast of Budapest) in September, and the cost of the new latte coffee plant will exceed HUF 8 billion, writes agroinform.hu.

Photo courtesy of Hell Energy

With the handover of the new plant, they will be able to export their new Energy Coffee product from Hungary.

Domestic milk will be used in the production of this product, thus contributing to the performance of the national economy, as well as using domestic labor, they emphasized.

According to the latest data from market researcher Nielsen, Hell Energy Coffee became the market leader in the domestic iced coffee market by June this year, and they have already managed to gain a leading position in Greece, they added.

According to their information, the companyʼs sales exceeded HUF 50 billion last year, and its after-tax profit was HUF 2.55 bln. In 2018, the company achieved a profit after tax of more than HUF 5.34 bln with a turnover of nearly HUF 48 bln.

Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1 Figures

Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1

Bulgaria's Household Income, Spending Rise 20% in 2023 World

Bulgaria's Household Income, Spending Rise 20% in 2023

Job Fair and Career Prep at Corvinus Starts Tomorrow HR

Job Fair and Career Prep at Corvinus Starts Tomorrow

Spago Budapest Offering Unique Sunday Brunch Experience Food

Spago Budapest Offering Unique Sunday Brunch Experience

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.