EU grant to help concrete plant construction
Hungary-based construction firm Bayer Construct Zrt. is planning to build a concrete element plant as a greenfield investment in Biharkeresztes, eastern Hungary, with the help of a European Union grant of HUF 500 million, the company told news agency MTI last Friday. The inauguration of the new factory is set for March 2017.
The company group, which includes Bayer Construct Zrt., Bajer Construction LLC, S.C. Bayer Strada S.R.L., Ma-VÃz Kft, S.C. Viastein S.R.L. and S.C. Viarock S.R.L., is based in the industrial park of Sóskút, in Pest County west of Budapest, MTI reported.
Last year, the group had net profit of HUF 211 mln on revenues of HUF 1.4 billion, the news agency added.
ADVERTISEMENT
Investment Volume Falls 2.8%Â in Q1
Parl't Approves Amendments to Legislation on Judiciary
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
