CIDEM Hranice sells three brick plants

CIDEM Hranice sells three brick plants
Published: 31 August 2004

Wienerberger is to acquire an additional three brick works in the Czech Republic from CIDEM Hranice on the first of October.  The three plants have a combined capacity of 75m standard format hollow bricks and generated a turnover of €5.8m lost year.  The deal will take Wienerberger into northern Moravia for the first time and two of the works, Kunin and Hrachovec, are located near Hranice, with the third plant being at Stilty, some 65 km to the north-west of Olomouc.  Wienerberger is also investing €20m in the construction of a new hollow brick plant at Jezernice in Moravia with a design capacity of 140m bricks per annum, scheduled for completion in the late spring or early summer of next year.