Leier Hungaria Ltd. to spend 23 million euros on expanding its Hungarian plants

According to government’s official site, Leier Hungaria Ltd., the Hungarian subsidiary of Austrian construction industry group Leier, is spending 7 billion forints (EUR 23 million) on expanding its six Hungarian construction material plants; the Government is contributing 1.28 billion forints in non-returnable funding to the project, which will create 101 new jobs”, Minister of Foreign Affairs and Trade Péter Szijjártó announced at a press conference on Friday in Budapest.

“In 1985, Leier was the first Western European company to make the brave decision to realise a major investment under risky conditions on the other side of the Iron Curtain. Hungary respects the company group’s activities in Hungary to date, and particularly the founder’s commitment to Hungary”, the Minister highlighted, noting that: “When it is based on mutual respect, cooperation between Hungary and Austria can be among the most successful”.

“Austrian enterprises are fourth on the list of the largest investors in Hungary”, the Minister said, adding that he is proud of the fact that in recent years the Government has provided 5 billion forints (EUR 23 million) in funding from the budget to assist Austrian companies in realising investment projects in Hungary. “The Government is glad if Austrian companies are successful and generate profit, because without this they could not be expected to realise further investments and create new jobs”, he said.