Company and Personal News
A Japanese tobacco company buys a Russian branch company for 1.56 billion USD
The Japan Tobacco Inc. (JTI), the world’s third largest tobacco company, buys the Russian Donskoy Tabak company for 1.56 billion USD to strengthen its leading role on the Russian tobacco...
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Red Bull launched a limted series edition Neymar Jr.’s face
Red Bull Energy Drink unveils a limited edition can featuring global soccer icon Neymar da Silva Santos Junior – commonly known as Neymar Jr. The release of the special Red...
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Spar Northern Ireland transports refrigerated products more efficiently
Spar UK’s Northern Ireland franchise owner, Henderson Group, has upgraded its refrigerated delivery fleet with sustainable units developed by the refrigeration company Thermo King. The new, more efficient Thermo King SLXi 300...
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Henkel’s record breaking 2017 fiscal year
Henkel realised record breaking EUR 20.029-billion sales revenue in the 2017 fiscal year. The company’s organic sales growth was a strong 3.1 percent in this period. Henkel’s adjusted operating profit...
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FrieslandCampina acquires its Chinese affiliate
Dutch dairy company FrieslandCampina has announced acquiring a 100-percent share in its Chinese affiliate Friesland Huishan Dairy (FHD). FHD was established in April 2015 and manufactures and sells infant formula...
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Metro AG reports growth for the first quarter
German company Metro AG has announced that sales were up 0.2 percent in the 1st quarter at EUR 10.1 billion; like-for-like sales increased by 0.8 percent. Earnings before interest, taxes,...
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Nestlé buys majority stake in Terrafertil
Swiss company Nestlé has announced acquiring a majority share in Ecuador-based health foods company Terrafertil, which has a large portfolio that includes the Nature’s Heart brand. Then founders will continue...
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Spar Austria keeps expanding
Austrian FMCG retailer SPAR realised gross EUR 14.64-billion sales revenue in 2017, 6.5 percent more than in 2016. The growth was driven by expanding existing shops and acquiring 40 Billa...
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Lidl to invest 200 million euros in Ireland
Lidl is going to invest EUR 200 million in Ireland in the months to come. One of the development projects is building a new distribution centre in Newbridge from EUR...
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Maxi wins My Choice Award in Serbia
The programme of the Serbian tourism organisation and the country’s Chamber of Commerce and Industry rewards those who do the most for domestic products and brands. More than 1,900 consumers...
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Unilever completed buying Quala’s care division
With this move – which was announced in May 2017 – Unilever acquired leading South American brands such as Savital, eGo, Bio-Expert, Fortident and Aromatel. Unilever CEO Paul Polman told:...
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Alza focuses on fast delivery and a large selection of products
Czech company Alza.cz is a trendsetter and market leader in the domain of e-commerce. This is indicated by not only their record net sales of EUR 820 million last year, but...
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Mall Group is the No.1 online retailer in the region
Internet Mall Hungary Kft. operates one of Hungary’s biggest online shops, Mall.hu. Its parent company the Mall Group also has online shops in Poland, Slovakia, Slovenia and Croatia, with a state-of-the-art 55,000m²...
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More than a quarter of Hungarians would use the new payment technology
According to a recent survey by Mastercard, one quarter of Europeans and 27 percent of Hungarians would like to pay with a smart watch, bracelet, keychain or other wearable smart...
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Waterfowl processing plant in Mélykút to be expanded
This autumn production will start at Hunent Víziszárnyas Feldolgozó Zrt.’s new waterfowl processing plant, which is being built from HUF 12.6 billion. The government financed the project with HUF 4.4 billion. About...
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Rubin spends more than 100 million on development
Rubin Szegedi Fűszerpaprika Feldolgozó Kft. invests more than HUF 100 million in its new ground paprika, from which HUF 78 million is EU funding. Last year the company also sold 1,900 litres...
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Twenty million euro investment in Orosháza
A new furnace is being built from EUR 20 million in the Orosháza glass jar and bottle factory of O-I Manufacturing Magyarország Üvegipari Kft. The project will be completed by early...
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Zalaco creates 150 new jobs
Baking company Zalaco Sütőipari Zrt. has received HUF 836-million non-refundable financial support for their HUF 4-billion development budget, from which they are going to triple their production capacity. The company will build...
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Biotechnology from Denmark in Pécs
Denmark-based biotechnology company Foss establishes a research and development centre in Pécs from a budget of HUF 2 billion. In the 2,000m² building 88 highly qualified people will work. Foss’ method is...
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Association of Hungarian Confectionery Manufacturers: new secretary
From 5 March Gábor Intődy has been the secretary of the Association of Hungarian Confectionery Manufacturers. Mr Intődy used to work for IBM, Vodafone and SABMiller in the past, as a...
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New INTERSPAR store to be built in Tata from 4.2 billion forints
SPAR has announced that they are going to build a 5,200m² new hypermarket in Tata, which will utilise green technologies. The new store – the 34th INTERSPAR in Hungary – will create...
Read moreCarbon neutral operations at ALDI in Hungary
ALDI is committed not only to its consumers but also towards sustainability, and is constantly working to reduce its emissions from its operation. One of the important goals of ALDI’s responsible...
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The Urbán és Urbán Kft. is expanding
The Urbán és Urbán Kft. is expanding its capacity with a new manufacturing plant in Rétság, Nógrád County; the current 22-tonnes capacity will be expanded with a further ten tonnes...
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Szamos Marzipan visited Cologne
At the end of January Cologne was the host of international sweets and snacks trade fair ISM. Szamos Marzipan was present with its own stand – 1,647 exhibitors presented their products...
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A new cooling hall was added to the venison processor
A new cooling hall was handed over on Wednesday in the Somogy county-based Öreglaki Vadfeldolgozó Kft., owned by the six state forestry companies. The company’s sales amounted to 1.76 billion...
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Christmas in February with dm
It was before Christmas that dm and FIAT organised a prize game and the winner, Erika Keményné Nagy from Zala County, took home the brand new FIAT 500L in February. Roland...
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Coca-Cola’s #énjövőm programme expands further
Until the end of last year 32 non-governmental organisations submitted their applications for funding to Coca-Cola HBC Magyarország, and from these 10 won the budget for organising 1-day trainings for...
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Riding with Kométa
At a press conference on 22 February 2018 Kométa announced that they have become a sponsor of professional cycling team Pannon Cycling Team. Managing director Giacomo Pedranzini informed that not only...
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Jack Daniels maker buys wind power
The company behind bourbon whiskey brand Jack Daniels has signed a 30MW power purchase agreement (PPA) in north-west Kansas. Sprits and wine producer Brown-Forman said the firm would buy power...
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Lidl’s wine export grew by 20 percent
Lidl Hungary sold 14.9 million bottles of Hungarian wine and from this quantity 7 million bottles were purchased in Lidl stores abroad. This was revealed at the Lidl Wine Expo Hungary,...
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