Lidl Hungary invests HUF 800 mln to modernize disposal

Telco

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.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.