Leier expands Hungarian plant

Leier Hungaria Ltd., the Hungarian subsidiary of Austrian construction industry group Leier, is spending HUF 7 billion (EUR 23 million) on expanding its six Hungarian construction material plants, creating a hundred new jobs.

Minister of Foreign Affairs and Trade Péter Szijjártó announced that the Hungarian Government is contributing HUF 1.28 billion in non-returnable funding to the project.

According to the Hungarian news agency MTI, with its seven Hungarian concrete production factories and two brick factories, the Leier Group plays a determining role in the Hungarian structural building materials production industry, and has spent over HUF 30 billion (EUR 98 M) on its Hungarian investments over the past ten years. In 2016, Leier Hungaria Ltd. realised a balance sheet total of HUF 25.505 billion and after tax profits of HUF 3.879 billion.

The Group operates 40 plants and facilities in seven countries – Austria, Hungary, Poland, Slovakia, Romania, Croatia and Ukraine – and at seasonal peak times the number of employees exceeds two thousand.