Holcim investment plans, Hungary

Cement manufacturer Holcim Hungaria Rt plans to invest HUF50bn in the building of a cement factory near Labatlan, central Hungary. he building of the cement factory might start in 2006 and is expected to be completed in 2009, Holcim Hungaria president Richard Skene said. The factory will have a capacity to produce 500,000t of cement annually. 

Holcim Hungaria produced 1.3Mt of cement and 723,000m3 of concrete in 2003. The company closed 2003 with an after-tax profit of HUF6.2bn (US$34m on a revenue of HUF28.5bn (US$156.1m).