Bayer Construct Invests HUF 12 Bn in Capacity Expansion

Hungarian-owned construction company Bayer Construct will invest HUF 12 billion to expand capacity at its base in Sóskút, southwest of Budapest.

As a result of this major investment, a 12,000-square-meter bathroom assembly plant is now being built in Sóskút, and the company is also establishing a precast concrete, carpentry and locksmith plant. In addition, by investing in renewable energy, it will ensure that it grows responsibly while protecting itself from escalating and unpredictable price changes in the energy market.

Hungaruan taxpayers are coverning close to 46% of the investment costs through a government support of HUF 5.5 billion.

The investment promises to create 200 jobs.