Holcim plans to build a HUF62bn (US$310.1m) plant in Hungary, Slovakia or Romania, the company said in a statement released in Budapest on Wednesday.
The company said that it may build the plant in the industrial park of Nyergesujfalu, a town located 60km northwest of Budapest, near the Slovakian border.
"Currently information linked to the preliminary environmental study is being collected," Holtzim said, without disclosing when it would make its final decision.
After the new factory is opened, Holcim will shut its former Hungarian plant in Labatlan, a town near Nyergesujfalu. The new plant will have a bigger staff than the earlier factory, adding 52 jobs, its said.
Holcim’s Hungarian unit had net sales of HUF28.4bn in 2004.