Pepsi’s Hungarian subsidiary builds a new market model
The Pepsi products manufacturer and distributor Fővárosi Ásványvíz és Üdítőipari Zrt. (FÁÜ) mineral water and soft drink industrial company noted in its report that the company closed its factory in Soroksár in April 2014 – the index wrote. From now the company only operates as a wholesaler, the production has definitively been closed. According to the new market model, the FÁÜ will buy the soft drinks from the bottling plant.
According to the article Napi.hu the American owner’s move was expected, as the Hungarian company is loss-making for years, so layoffs and capital injections were needed for years. The owner pushed a total of 6.5 billion into the company last year, so the equity became positive after the more than half billion loss in December 2013.
(Index)
Related news
PepsiCo under pressure: falling profit expectations, tightening regulations, falling demand
PepsiCo has cut its profit outlook for this year, as…
Read more >Danone Restructures Production In Germany With Planned Closure Of Milk Factory
French dairy giant Danone has announced a restructuring of its…
Read more >Pepsi debuts AI tool to detect sweetness as new flavours launch
Pepsi has launched its new ‘The Sweetest’ campaign, asking fans…
Read more >Related news
An era ends, a new one begins – marketing leadership change at Eisberg
After two years, Judit Gál, the company’s marketing and communications…
Read more >The price fall in PENNY continues
PENNY Hungary continues to slash prices on basic household and…
Read more >Heineken quenches its thirst for data management with artificial intelligence
Heineken Simplifies Data Analytics for Employees with SAP AI Solution.…
Read more >