Roshen stops production at Hungarian factory – Forbes Ukraine

Roshen has halted production at its Bonbonetti factory in Budapest due to unprofitability and the inability to expand, according to a report by Forbes Ukraine.

The factory has not been producing goods since April 2023, revealed Oleksandr Holovashchuk, the executive director of Roshen.

Part of the equipment from Bonbonetti has been transferred to the Vinnytsia confectionery factory, while the rest has been disposed of.

Roshen acquired the Hungarian confectionery company Bonbonetti Choco in 2012, marking its third foreign asset.

Following its closure, Roshen's only remaining foreign factory is the Klaipeda plant, which joined the corporation in 2006 and specializes in the production of caramel products.

Petro Poroshenko, the owner of Roshen, had business interests in Russia until 2014. However, following the start of Russian aggression, the factory was seized, and the sale was prevented. As a result, Roshen's management made a "Solomonic decision" to close the enterprise in 2017, according to Poroshenko.

Roshen's primary assets are concentrated in Ukraine, including the Kyiv Confectionery Factory, two sites in Vinnytsia, the Kremenchuk Confectionery Factory, the Vinnytsia Dairy Plant, and a bakery in Boryspil.

According to former managing partner of Roshen, Vyacheslav Moskalevskyi, Petro Poroshenko stepped away from the operational activities of the corporation in 2003 when he became deeply involved in politics.

In early 2016, Poroshenko announced the transfer of his share in Roshen to a blind trust managed by the international banking group Rothschild & Co.

The ultimate beneficiary of Roshen is Petro Poroshenko's son, Oleksiy.