Canning company winds up HUF 434 mln investment

Telco

Hungary-based canning company Gloster Zöldség-Gyümölcs Feldolgozó és Kereskedelmi, located in Máriapócs, in eastern Hungary, has built a new warehouse and office building as well as purchased labeling machinery and a conveyor system for a total of HUF 434 mln, the company told Hungarian news agency MTI today.

The company received HUF 217 mln for the project in the form of a European Union grant.

Gloster exports its products to Germany, the Netherlands, the Baltic states, Russia and the United States, in addition to selling on the domestic market, the news agency noted. The company had net profit of HUF 187 mln on revenue of HUF 2.8 bln in 2013.

ADVERTISEMENT

Sharp Rise in Energy Costs Putting Strain on Competitiveness Analysis

Sharp Rise in Energy Costs Putting Strain on Competitiveness

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim... City

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim...

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.