Holcim Hungaria Cementipari Rt, the Hungarian subsidiary of Swiss cement group Holcim, is one of the group’s three subsidiaries among which Holcim will choose one to enlarge its capacity, it was reported on September 2, 2005.
The other two candidates for expansion are Holcim’s Slovakian or Romanian units.
The project’s costs are estimated at the equivalent of 62.5bn Hungarian forints (US$319.7m/Euro256.2m).
The expansion is scheduled to start in 2009. Holcim Hungaria expects to post a revenue of 30 bln forints (US$153.4m/Euro123m) for 2005. Holcim Hungaria has a share of 32 per cent on the domestic market.