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Leier Hungaria revenue inches down in 2010

The Hungarian unit of Austrian building materials maker Leier had net revenue of HUF 15.5 billion in 2010, about HUF 500m less than in 2009, Leier Hungarian managing director Andor Komlos told MTI on Wednesday.

Building construction turnover and prices fell in 2010, but the fall was offset by underground infrastructure and back garden investments, which account for about half of turnover, Komlos said.
Komlos said he saw serious growth potential in the back garden segment, which includes products such as paving stones and garden walls.
Leier Hungaria spent about HUF 2 billion on developments last year. It started operating a cement plant in Pecs (SW Hungary) and added production lines to its concrete element plants in Gonyu (NW Hungary ) and Kiskunlachaza, near Budapest.
Leier wants to open a ninth plant in Hungary in the spring,  Komlos said.
Leier employs about 800 people in Hungary. Leier Hungaria did not make layoffs or cut shifts during the crisis. (Econews)