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.
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