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Leier merges its Hungarian companies

Austrian-owned Leier International will unite its construction companies in Hungary into one company called Leier Hungaria Kft based in Győr, daily Világgazdaság reported.

The company seeks to take economic, logistic and administrative advantages of a bigger-sized company, said owner Michael Leier. Leier's Hungarian companies had a Ft 22 billion revenue in 2005, and expects the capacity expansions in 2006 to result in a Ft 26 billion revenue. In Jánoshalma, Vas County, a new concrete panel factory was built last year, through a Euro 7 million investment. Leier is modernizing its factory of similar capacity in Jánossomorja, Győr-Moson-Sopron County.