The Hungarian Constructing Co. Ltd. is one of the oldest and most important firms of the Hungarian construction sector.

The company was founded in 1889, during the industrial development of late nineteenth century Hungary. Being a subsidiary of the Ganz Group it soon gain professional fame in plant construction. With this main profile the company took the lion’s share in the reconstruction work of the country after the Second World War. It became state owned as a branch of the Ganz Group in 1946. After the nationalisation of the building industry in 1948, with several small companies merged into it, it became known as the National Plant Construction Company. In 1952 it was placed directly under the supervision of the Ministry and in harmony with contemporary economic structures it continued its activity under the name of State Owned Construction Company No. 21. In the following almost four decades it operated as one of the leading organisations of the structural architectural industry, mostly in the territory of Budapest. Its work has always been characterized by high quality output based on state-of-the-art technologies. Numerous important acknowledgments prove the company to have been a worthy successor of the once famous plant constructor corporation, Ganz.

In the 1980s the company was among the first ones urgently needing to reform its activities. Its answer to the unfavourable changes of the economic climate, and the ceasing building possibilities was a widening of its profile as well as a renewal of its inner structure. The well-prepared skilled workers and management of the company both provided ample foundations for becoming a real structural architectural enterprise: with public and private buildings, monument restorations and building reconstructions playing important roles in its profile next to the compulsory productive investments.

Following the political and economic changes of the last phase of the twentieth century it finally was transformed into a joint stock company in 1992, returning to its original name, becoming the Hungarian Constructing Co. Ltd. Soon the nationalised company was privatised, with now 98% of its stocks owned by its management and employees, while almost 2% of it belonging to the Budapest City Council. With market conditions becoming overall and general in the country, the Hungarian Constructing Co. Ltd adjusted to the changed conditions by developing a widespread vertical and horizontal co-operational system, and becoming one of the market leaders in the construction industry. Its financial stability, organisational structure, as well as the professional knowledge and commitment of its employees deems it capable of sustaining a successful business strategy also among the changed market conditions of the European Union.