Swiss-owned building materials maker Swiss Krono is investing HUF 20 billion in a capacity expansion at its base in Vásárosnamény (NE Hungary), MTI reported on Tuesday.
Hungarian taxpayers cover 15% of the investment through a government decision of a HUF 3 billion grant to support the project, which is expected to raise headcount to 200. The plant exports 70% of its products.
Swiss companies now constitute the seventh largest investor community in Hungary, employing around 35,000 people. Since 2024, the Hungarian government has supported investments by 53 Swiss companies, resulting in a total investment of HUF 560 billion.
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