Mapei: New HUF 8 Billion Investment in Hungary

Mapei Ltd. is investing HUF 8 billion to build a new production line for roofing materials and a 12,000-square-meter warehouse in Hungary, the company, which manufactures and distributes building materials, told MTI on Wednesday.

The development, to be completed by 2025, will be able to supply not only Hungary but also the region with high-quality plasters for thermal insulation systems.

They added that the investment was declared of high national economic importance by a government decree in 2022.

The statement quoted Béla Markovich, managing director of Mapei Ltd., as saying that the priority investment will make the administration of the expansion of their plant in Sóskút faster and easier.

The development was partly justified by the fact that they have outgrown their production and warehouse capacity, and partly by the fact that they currently import products from Italy and Poland for the new factory. If these building materials are produced in Hungary, the supply route will be significantly reduced.

This is important because the inflationary environment and rising fuel costs have brought about a major transformation in the production of construction products: it is much more profitable to produce locally rather than to source the necessary materials from hundreds of kilometers away, they added.

They recalled that the company had made improvements of a similar magnitude in 2017, expanding its manufacturing and warehouse capacity. By the end of 2020, the company's production had exceeded 100,000 tons and its 15,000 square meters of warehouse space had reached its maximum capacity.

In addition to the construction of a plaster factory, the company also plans to set up a training center in Budaörs.

Mapei Ltd. is one of the largest players in the construction materials manufacturing and distribution market in Hungary, currently employing 241 people, with a turnover of HUF 33.5 billion in 2022. The company was founded in 1991 as a subsidiary of Mapei S.p.A., an Austrian company founded by Mapei GmbH.

Founded in Milan in 1937, Mapei is the world's largest manufacturer of adhesives, sealants and insulating materials for the construction industry, with 100 subsidiaries in 57 countries and 86 production sites worldwide.