Sweets maker Szerencsi BonBon inaugurated a HUF 1bn upgrade of its chocolate plant in Szerencs (NE Hungary) on Friday.
The investment was supported by a HUF 500m government grant. The remaining cost was covered from bank credit and internal funds. The ceremony was attended by state secretary of the Finance Ministry András Tállai. Managing director István Takács said most of the investment cost was spent on packaging equipment purchase. Szerencsi BonBon had revenue of HUF 2.6bn last year, public records show.
Photo: FB/Szerencsi Bonbon
The inauguration of the new plant. Photo: MTI
Florin winds up HUF 8.5bn investment project
Hungarian sanitiser and cosmetics maker Florin inaugurated an automated warehouse at its base in Szeged (S Hungary) on Friday as the final phase of a multi-year project. Florin invested HUF 8.5bn in upgrades in the past five years, using funding from the European Union, government grants for boosting Hungary’s self-sufficiency in production of healthcare supplies and government grants for large companies, Finance Minister Mihaly Varga said at the event.
Varga noted that in the healthcare industry support programme, 60 Hungarian-owned enterprises implemented HUF 90bn of investments during the pandemic. In the investment support programme for large companies, launched in 2015, some 200 Hungarian enterprises made investments worth almost HUF 600bn and created 4,700 new jobs.
Florin managing director Attila Barta said the company’s base has been completely renovated in the past five years, with old buildings and equipment replaced by new buildings, machinery and an automated warehouse. Florin had HUF 3.9bn revenue in 2022, public records show.
Waberer’s acquires majority stake in Magyar Posta insurers
Listed Hungarian haulier Waberer’s completed an acquisition to acquire 66.925pc of life insurer Magyar Posta Eletbiztosito and non-life insurer Magyar Posta Biztosito, Waberer’s said on Friday. Waberer’s acquired the insurance companies through its unit Gránit BiztosÃtó.
With the expanded service portfolio and customer base, Waberer’s aims to further strengthen its market position and become a leading player on the Hungarian insurance market in the longer term, it said in a statement.
Magyar Posta Biztosito and Magyar Posta ÉletbiztosÃtó had revenue from premiums of HUF 60.7bn in 2023. The stakes in the insurers were sold by state-owned Corvinus International Investment.
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