Lafarge Czech Republic plans to invest CZK100m in upgrades

Lafarge Czech Republic has announced that it plans to invest CZK100m (US$4.54m) in plant upgrades. Half of the total amount has already been used in the reconstruction of the chimney flue gas filter into a more modern version which is 20 times more efficient, according to the press release.

The company also plans to invest CZK40m in technology for storing, handling and dispensing alternative fuels into the clinker firing system. Furthermore, the cement plant is expected to improve noise emissions and the fire protection of buildings.

Results
In the full-year 2017 period, sales of the company increased seven per cent to CZK1060m. However, the net profit of the company fell by 25 per cent YoY.

"The company generated a net profit of CZK154m, which is 25 per cent less than in the previous year, mainly due to changes in inventory valuation and inventories, higher consumption of CO2 allowances and strengthening of the koruna exchange rate after CNB interventions", says Jan Mencl, executive officer, Lafarge Czech Republic.