Packaging company Mondi launches its new US$7m paper sack converting machine

HUNGARY – Mondi, a leading global packaging and paper group, has successfully completed the implementation of a new state-of-the-art paper sack converting machine at its Nyíregyháza site in Hungary costing them US$7.84 million. The machine allows the plant to produce a new line of sophisticated paper sacks for food packaging. The site will be capable of producing more than 130 million sacks annually. “Our goal is to serve our customers’ needs with excellence, so we focused on increasing the plant’s quality and hygiene standard to be able to produce high-end…

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Cott Corporation acquires Clearwater expanding its presence to Hungary

HUNGARY – Eden Springs, a wholly-owned subsidiary of bottled water delivery services company, Cott Corporation has fully acquired Hungarian company, Clearwater. Through the acquisition of ClearWater Kereskedelmi és Szolgáltató Korlátolt Felelősségű Társaság, Eden Springs will enter the Hungarian market and add approximately 14,000 machines on location. The transaction also includes intellectual property for a carbonation technology patent that will provide customers with carbonated water through water filtration dispensers and bottled water coolers. Eden Springs also plans to introduce ClearWater’s carbonation technology to other markets. “ClearWater is the market leader in…

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Grain processing company Viresol opens US$117m wheat starch plant in Hungary

EUROPE – Hungarian grain processing company Viresol has opened a new wheat starch processing plant worth US$117.66 million (33 billion forints) in Visonta, in northeast Hungary. World Grain report reveals that the plant will process 250,000 tonnes of Hungarian wheat, which equates to about 10% of all Hungarian wheat intended for export. Viresol, which was given the mandate to operate the grain facility, received a 6.2 billion-forint (US$22 million) government grant for the project. According to Hungarian Prime Minister, Viktor Orbán who attended the inaugural event, the new plant was…

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Nestlé announces US$70m expansion to its Purina plant in Hungary.

HUNGARY – Nestlé has announced US$70.84 million investment for expansion to its Purina plant in Bük, Hungary, as a strategy to focus on capital spending on the advancing high-growth food and beverage categories. According to FoodIngredinetsFirst, Nestlé has- over the past seven years- spent around US$160 million on developing its plant in Bük, Hungary, transforming the unit of Nestlé Purina into one of the largest pet food manufacturing plants in Europe. The newest 5,000 square-meter manufacturing hall was inaugurated by Mihály Varga, the Minister for National Economy recently, and has…

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