7. OPERATING ACTIVITY OF THE BUDIMEX GROUP IN 2023, 7.3. Business development in foreign markets
7.3. Business development in foreign markets
GERMANY
BUDIMEX BAU GMBH
Budimex has been doing business in Germany since the 1970s. In 2004, Budimex Bau was established to ramp up sales in the assembly segment. Its core line of business was the prefabrication of elements made of concrete, reinforced concrete and steel. Since 2021, the company’s offering has been expanded to include general contracting of investment projects in infrastructural, residential, office and industrial construction. Among the company’s currently executed projects is the construction of a road and bridge in Oderberg and the construction of a bridge in Liepe. In August 2023, a major phase of the Liepe project was launched, including the installation of the main girder for the 230-ton structure.
SLOVAKIA
Budimex SA entered the Slovakian market in 2021. Its Bratislava branch office focuses its efforts on infrastructural investments. The team’s dedication to building the company’s image as a reliable and experienced general contractor resulted in signing its first contract on the local market in July 2022 for the construction of the D1/D4 motorway between Bratislava and Triblavina. Work on the project site was launched in 2023.
CZECH REPUBLIC
In December 2022, Budimex SA opened up a branch office in Prague. In 2023, organizational endeavors were carried out to align the firm’s operational activities with the specificity of the local market, including the stringent requirements imposed on construction companies. The branch office employs highly qualified and experienced personnel licensed to carry out construction work in the country. It participates in tenders for infrastructural, railroad, hydrotechnical, residential, office and industrial projects. The team’s efforts culminated in the execution, in late December 2023, of a contract for the construction of the Kutřin polder, as described in more detail in section 7.1.
LATVIA
Latvia is the first of the Baltic States where Budimex SA began offering its services. The company’s Riga branch office was opened in September 2023. Its operations are currently focused on the railroad construction segment, where the company signed a contract in December 2023 marking the inauguration of its operational presence in this part of Europe. The contract provides for the construction of a high-speed rail line within the framework of an international consortium, as described in section 7.1.
