Austria’s Wienerberger said on July 31 it is acquiring a plant in northwest Romania near the Hungarian border and is upgrading and enlarging its existing production sites in Croatia and Hungary.
The investments are part of the company’s plan to strengthen its concrete paver business under the Semmelrock brand by investing in the growth markets of Eastern Europe.
Wienerberger Group is setting up a new production line for high-quality slabs in large formats at the Ósca site in Hungary, and extending the production capacities of the Ogulin plant in Croatia.
“Through these strategic investments, Wienerberger is increasing its production capacity in markets with fast growing demand and strengthening the position of the Semmelrock Group as a supplier of premium paver products,” the company said in a statement.
The Semmelrock Group, a wholly owned subsidiary of Wienerberger AG, generated revenues of approx. €116mn in 2017. In the future, Semmelrock will operate 14 production sites in seven countries – Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania and Slovakia – as well as sales organisations in Bosnia & Herzegovina, Macedonia, Montenegro, Serbia and Slovenia.
Hungary has opened a $65mn credit line to support partnerships between Hungarian and Kyrgyz businesses in Kyrgyzstan, Minister of Foreign Affairs and Trade Peter Szijjarto said in Kyrgyzstan’s ... more
In its second scheduled review of the year, Fitch affirmed Hungary's sovereign credit rating at BBB- with a positive outlook on August 31. The decision comes as a disappointment to Hungarian ... more
MVM Hungarowind, a unit of the state-owned electricity firm MVM, plans to build 110 small solar power plants, with a maximum capacity of 0.5MW, as part of several projects across Hungary this year ... more