Large-scale investment: Bayer Construct to build a bathroom assembly plant in Soskút

A major investment has been announced: a leading player in the domestic construction industry, Bayer Construct Zrt., is establishing a bathroom assembly plant in Sóskút, where the company's headquarters are also located. The HUF 15 billion project will receive HUF 6.6 billion in state support, helping to create a hundred new jobs, announced Péter Szijjártó, Minister of Foreign Affairs and Trade at Monday's event.

He said that the investment will significantly contribute to the further strengthening of the construction industry, which is one of the main backbones of the Hungarian economy, providing jobs for nearly 400,000 people and with a production value of HUF 7,400 billion last year.

Several domestic companies have become regional leaders

Szijjártó added that as a result of the economic development strategy of the past fourteen years based on the national interest, several domestic companies have now become regional leaders in various key industries. He said that investment plays a critical role in the performance of the Hungarian economy, and therefore the government has no other goal than to make Hungary the most attractive investment environment in Europe. To this end, the government regularly concludes strategic cooperation agreements with companies that contribute to the growth of the economy not only through their investments but also through their activities beyond.

The State decided in February this year to sign a strategic agreement with Bayer Construct Zrt., which has now been signed. The Minister of Foreign Affairs and Foreign Trade subsequently stated that these partner companies undertake, among other things, to provide continuous training for their staff, to increase the added value of their activities, to cooperate closely with vocational training and higher education institutions and to work with Hungarian suppliers as much as possible.

Bayer Construct provides jobs for more than 1500 people

"Today we have signed the 95th Strategic Partnership Agreement, this time with a Hungarian company, one of the leading companies in the construction and real estate development sector in Central Europe", Péter Szijjártó said.

"Today, Bayer Construct employs more than 1500 people in Hungary. Through its activities, Bayer Construct is continuously contributing to the performance of the Hungarian construction industry and is engaged in a complex activity that covers practically the entire spectrum of construction activities, from property development, design, construction and construction to sales and operation", he added.

An example of this is the Zenit by Bayer project being built near Bosnyák Square, where currently, in parallel, outstanding organisation – one residential and seven office buildings. The development and the construction company's rel="noopener">efficiency-enhancing technologies. Precast concrete elements also play a role in the record-breaking speed of the Zugló project, which are manufactured at the Hungexpo group's VIASTEIN Biharkeresztes prefabrication plant belonging to the Bayer Construct group.

The company also has several residential property developments in the capital: in October 2023, it handed over its new flats in the 10th district Balance Garden in the 10th district, and the new Elite Parkban in Újbuda, 464 flats are waiting for their new residents.

The construction company also invests considerable energy in vocational training: together with Market Építő Zrt. and KÉSZ Csoport, they have established Hungary's new vocational training centre for the construction industry, the Tudásépítő-Team, which, as a dual partner of training institutions, ensures the supply of new professionals for the construction industry.