Sara Lee completes Ft 1 bln investment in Hungary

Recycling

US food giant Sara Lee completed Ft 1 billion of investments at its plant on the outskirts of Budapest this year, CEO of Sara Lee Hungary Tibor Seres announced.

One of the investments involved a reconstruction of the unit's tea plant to accommodate new packaging technology, Seres said.

The plant is Sara Lee's second-biggest tea packaging unit in Europe. Its output is sold in Spain, Belgium, the Netherlands, the Czech Republic, Denmark, Romania and Bulgaria, in addition to Hungary.

Sara Lee controls almost 41% of Hungary's roasted and ground coffee market and 43% of the tea market, according to market research company Nielsen.

Sara Lee has invested more than Ft 7 billion at its unit in Hungary since it was established in 1991. (MTI – Econews)

OTP Redeems EUR 400 mln of Green Securities Banking

OTP Redeems EUR 400 mln of Green Securities

KDNP Pulls out of EPP After Tisza Joins Elections

KDNP Pulls out of EPP After Tisza Joins

Gloster Wins EUR 15 mln BMW Contract Deals

Gloster Wins EUR 15 mln BMW Contract

Int'l Travelers to Europe Prioritize Safety, Quality This Su... Tourism

Int'l Travelers to Europe Prioritize Safety, Quality This Su...

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.