Unilever Magyarország plans to complete HUF 2.2 billion of investments at its ice cream plant in Veszprém (NW Hungary) by the summer of 2012, plant director László Szatori said at a press conference on Friday.
Unilever Magyarország will build 7,500 sqm of cold storage and expand its packaging plant, among other investments, Szatori said.
The company was awarded a HUF 558 million grant from the New Széchenyi Plan to support the investment.
Unilever Magyarország wants to expand its ice cream capacity from an annual 75 million liters to 90 million by 2015, Szatori said.
The company made a hundred new hires in 2011, after inaugurating a 3,500-sqm production expansion in 2010. Headcount was 560 until then.
Szatori said 65 more people would be hired to work at the new cold storage capacity.
The plant in Veszprém makes three-quarters of all Algida brand ice cream products. More than 90% of output is exported to Western Europe.
Unilever Magyarország, which also has a cleaning solutions plant and a food plant in Hungary, had revenue of more than HUF 70 billion in 2010. It expects turnover to be similar in 2011.