Mapei Hungary sales climb 9% in 2011
Sales of the Hungarian unit of Italian building material company Mapei climbed 9% to HUF 5.5 billion in 2011, the unit's managing director Béla Markovich said at a press conference on Tuesday.
Markovich contrasted the increase with the 7.8% contraction of the construction sector, the 39% drop in the number of completed homes and the 28% fall in the number of building permits issued.
He said a HUF 400 billion "chain of debt" in the sector posed an even bigger problem.
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.