Continental Tobacco Group’s nearly HUF 10 billion investment reaches another milestone
Tobacco processing has begun in the new preparation hall of Continental Tobacco Plc.’s tobacco factory in Sátoraljaújhely, which has a history of more than 130 years – the company’s nearly HUF 10 billion investment has reached another milestone. It will now be possible to completely shut down the old production line and carry out the […]
Continental Tobacco Group has closed a successful tobacco planting season
The tobacco planting and growing season was successfully completed in the fields of DOFER Tobacco Fermenting Ltd., a member of the Continental Tobacco Group, which is responsible for about one third of the domestic tobacco production. This spring has been characterised by colder and less sunny weather than usual, but the amount of seedlings produced […]
Continental Tobacco Corp. achieved record revenues in 2021
Continental Tobacco Corp., the owner of the tobacco factory in Sátoraljaújhely, has had its strongest year ever. The company’s sales revenue amounted to HUF 56.4 billion (EUR 153 million) and its profit after tax to HUF 6.4 billion (EUR 17 million) in the 2021 financial year – an increase of 20 percent and 7 percent […]
The construction of the new production hall of the tobacco factory in Sátoraljaújhely is at the finishing line
The nearly HUF 10 billion (approx. EUR 26 million) development started at the beginning of 2021 by Continental Tobacco Corp. in the more than 130-year-old tobacco factory in Sátoraljaújhely, is nearing completion. The construction of the new production hall is now more than 95 percent complete, and the installation of modern machinery has also begun. […]
Continental Tobacco Corp. rewarded its employees with a total of HUF 140 million for their performance last year
The traditional annual appraisal process of the employees at the tobacco factory of Continental Tobacco Corp., one of the largest employers in Sátoraljaújhely, has been completed. Following the performance appraisals, the company distributed a total of around HUF 140 million (more than EUR 360 000) bonuses to its employees. There was also an annual pay […]
Continental Tobacco Group awarded the “Kossuth Prize” to its most outstanding employees
Kossuth Prizes were awarded by the management of Continental Tobacco Group to its employees who have contributed to the growth, operation and results of the company with their outstanding performance over the past year. The awards, which include a certificate and a cash prize, were presented to the employees by Csaba Füzi, the CEO of […]
Continental held a two-day conference about the company’s future in Sátoraljaújhely
With the participation of more than 90 middle and top managers, professional experts and the owners Continental Tobacco Group held a conference about the company’s future at the beginning of November in Sátoraljaújhely. The aim of the two-day event was to discuss and to further explore the directions that will play a key role in […]
Continental took part as an exhibitor at the World Tobacco Middle East in Dubai
Continental Tobacco Group participated as an exhibitor at the World Tobacco Middle East in Dubai. The two-day event, held on October 26—27 was a large exhibition where the representatives of the tobacco industry met for the first time in almost two years in the heart of the United Arab Emirates. At the exhibition Csaba Füzi, […]
What to expect in the tobacco market? This is how the Tobacco Hungary 2021 conference was for Continental
Photo: Anna Gyurkovics / Tobacco Magazin. The tobacco market conference, Tobacco Hungary was organized for the fourth time with the aim of providing industry players a common platform for a detailed overview of market news. Continental Tobacco Group was also represented at the two-day event, which consisted of thematic panel discussions and presentations. József Bányász, […]
Continental Tobacco implements nearly HUF 10 billion investment in Sátoraljaújhely tobacco factory
Continental Tobacco Group is implementing an investment worth nearly HUF 10 billion in the tobacco factory belonging to the company group in Sátoraljaújhely. As part of the investment, a 3-storey factory hall, with each floor being 1,800 square meters, will be built. The primary goal has become the establishment of a technologically suitable plant for the expansion of capacity and the modernization of the tobacco primary processing. The new plant will increase the plant’s net operating area by 5,400 square meter, increasing the company’s cut filler production capacity by about 25 percent and completely reviving the tobacco preparation process. The modern machine park acquired as part of the investment will enable the company to become even more competitive in the tobacco market.