Austrian Wienerberger AG is increasing the pace of its expansion in Poland and the Czech Republic by investing €120 million ($162.7 million).
The Vienna based company the world’s largest producer of bricks and the number two in clay roof tiles in Europe. In Poland, plans call for the construction of a hollow brick plant at Olesnica in the southern region of the country as well as the enlargement of the Lebork plant near Danzig, and the Dobre plant near Warsaw. The installation of an additional production line for facing bricks at Torun, 180 km south of Danzig, will allow the Group to strengthen its market position. In the Czech Republic, Wienerberger is broadening its activities to also include a new hollow brick plant in Brozany, north of Prague. The Hodonin plant, which was acquired at the end of 2006 and is located at the crossroads of the Czech Republic, Slovakia and Austria, will be expanded and reopened for production.
The total investment for these projects in Poland and the Czech Republic are estimated at roughly €120 million and part of Wienerberger's bolt-on program. The investment projects in Poland should be completed by Q3 2008, while construction in the Czech Republic should be started in the H1 of 2008. (wienerberger.com)