Wienerberger builds new factories
Tuesday, May 31, 2005, 06:01
The biggest Hungarian building-material producer Wienerberger Rt is to spend a total Ft 7 billion in 2005 for local developments - origo.hu online news portal reported. The company will invest Ft 1.2 billion into a new factory in Mezőtúr. Besides, due to a Ft 5 billion investment the most modern brick factory of the country will open in Tiszavasvári in autumn. Reason of the great innovations might be the company?s trust in long-term development of Hungarian housing market. Last year 44 thousand new dwellings were sold that is optimal for economic growth, experts say. Wienerberger plans to further expand business towards the east: the following targets are Ukraine and Bulgaria.