Hell Energy completes HUF 30 bln capacity expansion

Telco

Soft drink maker Hell Energy finished the final phase of a HUF 30 billion investment project at its base in Szikszó (NE Hungary) on Tuesday. Hell inaugurated a fully automated warehouse as the last part of the three-year project, state news agency MTI reported.

Executive Manager Barnabás Csereklye said the HUF 30 bln investment started in 2016, with Hell receiving a HUF 7 bln government grant for the project. The company built a canning plant in 2017, and added a third canning line in 2018. The new warehouse facility can store 31,000 pallets.

In the last eight years, Hell has invested a total of around HUF 70 bln in the Szikszó area, and has raised headcount at its facilities by 600 in the period to nearly 1,000.

The Hell group had HUF 2.3 bln profit on revenue of HUF 27.9 bln in 2017, public records show.

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