Lidl Hungary invests HUF 800 mln to modernize disposal
German retail chain Lidl has invested HUF 800 mln in Hungary to modernize waste disposal processes at its stores in the country, in order to ensure that 95% of its waste is reusable, Lidl said in an announcement today, according to news agency MTI.
Through the investment, Lidl expects to cut the size of generated compressed waste to one fourth of what it used to be.
The company has modernized waste management machines at 79 of its Hungarian stores, and all the 164 locations will have gone through the same modernization process by the end of its 2016 financial year, MTI said.
Lidl has been operating in the country since 2004 and currently employs almost 4,000 people. The firm saw an after-tax profit of HUF 8.2 bln on net sales revenue of HUF 261.5 bln in 2014, MTI added.
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