Hungarian Bock Winery Invests In 1.6 Billion Expansion
- 15 Jul 2019 8:01 AM
- Hungary Around the Clock
The Bock Winery will invest Ft 1.6 billion by the end of 2020 to expand its portfolio, bringing new premium quality wine and grape juice to the market as well as cold-dried fruit products, the Villány-based company announced.
The company will use Ft 650 million in grants and will take out a Ft 670 million loan for the project.
As part of the investment, a new plant of over 3,700m2 will be built in Villány.
The Bock Winery with equity of Ft 2.5 billion and a staff of 40, realised a Ft 146 million post-tax profit on revenue of Ft 1.3 billion last year.
XpatLoop Media Partner
LATEST NEWS IN food & drink