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New High-Tech Precast Concrete Plant in Hungary

Apr 22, 2023

The inauguration of Ineton Ltd.’s new automated plant in Alsónémedi, just south of Budapest, marks an important chapter of the domestic reinforced concrete manufacturing market. The HUF 16 billion investment allows to produce special-purpose precast concrete which enhances construction efficiency to a large extent. As a result of the extension headcount surges to 140, the […]

Mapei: Good Results in 2022, Expectations for 2023

Mar 23, 2023

Mapei Ltd. expects a more than 6% increase in sales this year, Béla Markovich, the managing director of the Hungarian company, which manufactures and distributes building materials, has said at a press conference in Budapest. He has also discussed the results of a survey by the company about finding construction professionals in Hungary. He added […]

Construction Output Volume Down in Hungary

Mar 15, 2023

According to raw data the volume of construction output in January 2023 lagged behind the previous year’s level by 3.6%, the Central Statistical Office reports. Out of the main groups of construction the construction of buildings decreased by 4.0 and that of civil engineering by 2.1%. Based on seasonally and working day adjusted indices construction […]

Masterplast: Lower Sales and a Loss-making 4th Quarter

Feb 23, 2023

As result of the negative economic effects also in connection with construction industry and shrinking markets the building insulation materials firm Masterplast's sales decreased by 17% in Q4 compared to the base period, the company has reported on the website of the Budapest Stock Exchange. Despite that, during base quarter, Masterplast with strategic inventory had […]

MASTERPLAST Acquires Glass Wool Production Investment

Jan 18, 2023

MASTERPLAST, the largest Hungarian-owned building materials manufacturer in the Central European region, has announced on the website of the Budapest Stock Exchange that it entered into a sales and purchase agreement for the acquisition of 100% of the shares PIMCO Ltd. This makes MASTERPLAST the sole shareholder of PIMCO Ltd. PIMCO Ltd. has a 4.3-hectare […]

LAFARGE to Change Name on the Hungarian Market

Jan 17, 2023

LAFARGE Cement Hungary Ltd. has reached another milestone on its path towards sustainability: from May 1, 2023, it will continue its activities under the Holcim brand name and with a new corporate identity, the company has announced. According to the statement, the new Holcim brand visually reinforces the company's pioneering role in the circular economy […]

Construction Output Volume Up on Pandemic Base

Jan 16, 2023

According to raw data, the volume of construction output in Hungary in November 2022 surpassed the previous year’s level by 7.0%, the Central Statistical Office reports. Out of the main groups of construction the output of construction of buildings increased by 18.6%, that of civil engineering decreased by 6.9%. Based on seasonally and working day […]

Hungarian Construction Firms Fear Foreign Rivals

Jan 14, 2023

Hungarian construction firms may face a challenge in finding customers in the coming period, as investors have become much more cautious due to rising prices of raw materials, raw materials and energy on the one hand, and capacity constraints on the other. Market Építő Plc. [Construction Plc.] expects construction output to slow in 2023 compared […]

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