Lafarge, Strabag inaugurate €270 mln cement plant in NW Hungary
Lafarge and Strabag on Thursday inaugurated a €270 million cement plant in Királyegyháza (SW Hungary).
The plant can turn out 750,000 tons of clinker and 1 million tons of cement each year. It is expected to reach full capacity in 2-3 years.
Lafarge chairman Bruno Lafont said the first new cement plant built in Europe in 30 years would create 3,500 jobs and inject an annual HUF 2.5 billion into the economy. Lafarge is considering exporting some of the plant's output later, he added, explaining that cement can be delivered profitably 200-300km from the place it was made.
Strabag chairman Hans Peter Haselsteiner said the companies had decided the investment was worthwhile even at a time when other industry players were avoiding capital expenditures.
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.