The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Alfod es Eszak; Eszak-Magyarorszag; Borsod-Abauj-Zemplen
Location of affected unit(s)
Szikszó
Sector
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.92 - Manufacture of light metal packaging
320 jobs Number of planned job creations
Announcement Date
30 June 2017
Employment effect (start)
30 June 2017
Foreseen end date
Description
Hungarian energy drink company Hell opened an aluminium can production factory through its subsidiary Quality Pack Zrt. in Szikszó, northeastern Hungary. The HUF 30 billion (EUR 98 million) investment was supported with a HUF 7 billion (EUR 2,3 million) state grant.
The 42,000 square meters drink can factory – the first of its kind in the country – will be able to produce 1,2 billion units annually at full capacity. The new factory and the major developments in the filling, logistics and commercial units will create 320 jobs altogether at Hell Energy Drink.
Hell recorded a HUF 28 billion (EUR 91,5 million) revenue in 2016, after a HUF 19,9 billion (EUR 6,5 million) figure in 2015.
Sources
30 June 2017: Delmagyar.hu
30 June 2017: index.hu
Citation
Eurofound (2017), Quality Pack, Business expansion in Hungary, factsheet number 91485, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91485.
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