Hell Energy to Build USD 211 mln Plant in Azerbaijan

Manufacturing

Image by Wirestock Creators / Shutterstock.com

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.

ADVERTISEMENT

Industrial Producer Prices Down 6.8% in January 2024 Figures

Industrial Producer Prices Down 6.8% in January 2024

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

Inventory Revaluation, FX Loss Put Masterplast in Red Construction

Inventory Revaluation, FX Loss Put Masterplast in Red

Investors of the Year in Limelight at Hipa’s Award Ceremony Awards

Investors of the Year in Limelight at Hipa’s Award Ceremony

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.