Hell Energy to Build USD 211 mln Plant in Azerbaijan
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Hungarian soft drink maker Hell Energy plans to build a USD 211 million plant in Azerbaijan with the cooperation of a local investment fund, Minister of Foreign Affairs and Trade Péter Szijjártó said in Baku on Monday, according to a report by state news wire MTI.
Hell Energy Group will sign an agreement on the project with the Azerbaijan Investment Company, Szijjártó said.
The plant, expected to be completed in 2025, will turn out 700 million-800 million cans a year and have the capacity to fill 350 million-400 million of those, he added.
Hell Energy's turnover rose by about 50% last year, and around two-thirds came from exports, he noted.
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