Gov't signs partnership contract with Coca-Cola

Government

Hungary's government signed a partnership contract with the local unit of soft drink maker Coca-Cola on Thursday, renewing a strategic cooperation agreement it signed with Coca-Cola HBC Magyarország in 2012, according to a report by state news wire MTI.

Minister of Foreign Affairs and Trade Péter Szijjártó said a stronger cooperation with Coca-Cola is justified by the unit's commitment to investing HUF 30 billion in developments in the coming years: HUF 10 bln to upgrade its sales network and HUF 20bn to expand capacity.

As a result, the bottling plant in Dunaharaszti, on the outskirts of the capital, could soon become Coca-Cola's biggest production base in Central Europe, he added. 

The investment could serve to advance the domestic food industry as Coca-Colas adopts the latest digital and robotic technologies, and it could boost exports, he said, adding that the plant ships its soft drinks to 26 countries.

Coca-Cola HBC Magyarország managing director László Békefi said the company and the government would set up a working group to weigh issues related to the food industry, public health, and sustainability, as well as ways to make soft drinks with zero waste.

The company had revenue of HUF 138 bln in 2019.

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