Comprehensive development in Hungarian-owned premium paving-block factory

Comprehensive development in Hungarian-owned premium paving-block factory

2018. 04. 05.

Ferenc Barabás, Major of Biharkeresztes, Attila Balázs, MAnaging Director of Viastein, Péter Szijjártó, Minister of foreign Affairs and Trade, István Vitányi

Viastein is developing its Biharkeresztes plant in 3 phases: they installed a hi-tech production line which is unique in Europe and are going to build a paving-block coating plant in the first and second phases of the investment worth HUF 4.5 billion. In the third development phase, they are going to establish a plant for the production of pre-fabricated construction elements, creating 180 new jobs, through a project of about EUR 29 million. The foundation stone was laid and the plant built in the first phase was delivered in Biharkeresztes on Thursday.

Viastein Kft. was founded in 2010 as part of the 100% Hungarian-owned Bayer Construct group. Their plant manufactures high-quality, top-category products. The product range includes paving-block systems, terrace paving tiles, systems to be laid bound, big format tiles, green systems, block steps, borders and road borders, and wall block systems.

Several hi-tech production lines unique in Europe were installed in the premium paving-block factory during the first phase. The new block factory shall house the manufacturing of pre-manufactured hall structures, wall structures, ceiling structures, steps structures and other superstructures of industrial buildings, office buildings and residential buildings as well as special big-sized blocks. In the second phase of the developments, a paving-block coating plant is to be built which provides a significant increase in quality and value due to coating.

The gross added value of the construction industry was 4.8% of the added value of the total national economy in 2017 which is much higher than the 2016 value of 3.7%. Last year, the production value of the industry reached HUF 2,494.8 billion, an increase of 29.6% in volume compared to 2016.

Sector articles

N
HIPA Recognized as Best IPA in the Region at AIM Investment Awards

Leading investment platform AIM Congress gathered renowned FDI stakeholders from all over the globe in Abu Dhabi yet again where HIPA was presented the AIM Investment Award for the Central, Eastern Europe & Turkey Region.

2024. 05. 27.

HIPA #HIPA #AIM #HIPA #Awards #EUR 720 million #Competitiveness
N
AmCham Business Forum: HIPA Dedicated to Boost the Number of High-Value Added Investments

American companies form the fourth largest investor community in our country, and economic relations stand the test of time. Hungary does everything to ensure that US businesses would continue to bring FDI here, stressed HIPA CEO Mr. István Joó at AmCham Hungary...

2024. 05. 13.

HIPA #HIPA #Amcham #HIPA #Competitiveness #Investment #Business forum
N
Hungary Ranked as Top FDI Location in the Region Yet Again

Recognized as the leading publication in corporate real estate, economic development, facility planning, location analysis and FDI, Site Selection Magazine publishes its Global Best to Invest rankings annually to give a snapshot of top investment locations. Just...

2024. 05. 13.

HIPA #HIPA #Site Selection Magazine #Global Best to Invest #Hungary #Budapest #Competitiveness