Continental Tobacco Group, the leading player in the Hungarian tobacco industry, is implementing a new investment programme worth around HUF 16.5 billion, including the construction of three new halls, machinery purchases and energy modernisation. As a symbolic first step of the real estate development, the owners and leaders of the company and the mayor of Sátoraljaújhely laid the foundation stone of the greenfield warehouse building, which is part of the package, in a ceremony at the new industrial site on Pataki road. The improvements will allow Continental to install more machines, increase production capacity and modernise its warehousing processes, thus increasing sustainability and competitiveness.
The Continental Tobacco Group has laid the foundation stone of its new warehouse in the industrial area outside the city of Sátoraljaújhely. The event was attended by mayor Péter Szamosvölgyi, Jr. János Sánta, one of the owners of the group, and Csaba Füzi, CEO of Continental Tobacco Corp., which owns the tobacco factory in Sátoraljaújhely, also gave a toast.
Construction of the new 1 200 m2 hall has just started and is expected to be completed in November this year. The warehouse is the first owner-occupied property development not to be built on the historic 133-year-old factory site owned by the Continental Tobacco Group. A 7,200 square metre, partly two-storey production hall will soon be built on the site next to the state-of-the-art warehouse, while a 3,500 square metre, state-of-the-art finished goods warehouse will be built on the industrial site next to the current factory, the design of which is currently underway. The halls will have a total floor area of around 12 000 m2, while the multi-storey construction will add around 19 000 m2 to Continental’s production, warehouse and office space.
The total value of the investments, including the purchase of machinery and the energy modernisation and solar panel installation already underway under the Factory Savings Programme, exceeds HUF 16.5 billion. The target completion date for the whole investment package is mid-2026.
Csaba Füzi, CEO of Continental Tobacco Corp., highlighted that the present investment package is an important milestone for the Continental Tobacco Group and the local community: on the one hand, it will remedy the production and warehouse capacity shortfall caused by the increase in production made possible by the new factory hall, which was handed over in 2022, and on the other hand, it will enable the company to carry out further developments, which are expected to create 60 new jobs at the company. This will strengthen the company’s position as one of the largest employers in Sátoraljaújhely and will enable it to make an even greater contribution to the economic development of the region.