Roshen Corporation has suspended production at the Bonbonetti confectionery factory in Budapest (Hungary), this is the second closed site of the company in this country, Forbes Ukraina reported.
“The factory has not been producing since April 2023,” explained Roshen executive director Alexander Golovashchuk.
According to his information, Roshen produced almost 10 times less in Hungary in 2023 than when it started operations. Bonbonetti’s revenue, according to the Hungarian directory Opten, amounted to EUR3.3-3.5 million. As a consequence, the Budapest factory was closed due to unprofitability of production. The capacity available at Bonbonetti did not allow to cover the costs.
The factory was founded in 1868 and last modernized in the 1930s. It was impossible to expand production at the site because the enterprise is located in a dense building, Golovashchuk explained.
He added that some of Bonbonetti’s equipment was moved to the Vinnytsia Confectionery Factory, and some was utilized.
Roshen Corporation, according to information on its website, ranks 27th among the largest confectionery producers in the world. It includes Kiev, Kremenchug, two Vinnitsa confectionery factories and Vinnitsa dairy plant, Biscuit complex in Borispol (Ukraine); Klaipeda confectionery factory (Lithuania) and Bonbonetti Choco factory (Hungary). The production activities of the Lipetsk factory (Russian Federation) have been halted since April 1, 2017.
The Corporation produces about 320 types of confectionery products. The total production volume is about 300 thousand tons of products per year.
The network of Roshen branded stores in Ukraine has about 70 stores in different regions of the country. The first one opened in 2009 in Kiev.
In 2022, PJSC “Kiev Confectionery Factory ‘Roshen’ received 984 thousand UAH of net loss compared to 25.779 million UAH of profit a year earlier, the company’s revenue decreased from 979.286 million UAH to 903.195 million UAH.
The ultimate beneficiary of the company is the son of former Ukrainian President Petro Poroshenko, Oleksiy.
Bonbonetti factory, Forbes Ukraina, Roshen Corporation
