July 10, 2010
Hungarian-owned mineral water bottler Szentkiralyi Szentkirályi ÁAsváanyviíz on July 1 inaugurated a HUF 500 million logistics centrecenter at its base in SzentkiralySzentkirály, south of Budapest.
The 4,000 square meter warehouse can store 5 million litreliters of mineral water, said managing Managing Ddirector Levente Balogh. Bank loans covered three-fourths of the cost of the investment and Szentkiralyi Szentkirályi Asvanyviz Ásványvíz paid for the rest from its own resources, he added. Szentkirályi Ásványvíz Szentkiralyi Asvanyviz had profit of HUF 150 million on revenue of HUF 5.7 billion in 2009, to give it 16 pct market share. The company's plant turned out 160 million litreliters of mineral water, of which 10 pct was exported.
