Austria’s Wienerberger said on July 31 it is acquiring a plant in northwest Romania near the Hungarian border and is upgrading and enlarging its existing production sites in Croatia and Hungary.
The investments are part of the company’s plan to strengthen its concrete paver business under the Semmelrock brand by investing in the growth markets of Eastern Europe.
Wienerberger Group is setting up a new production line for high-quality slabs in large formats at the Ósca site in Hungary, and extending the production capacities of the Ogulin plant in Croatia.
“Through these strategic investments, Wienerberger is increasing its production capacity in markets with fast growing demand and strengthening the position of the Semmelrock Group as a supplier of premium paver products,” the company said in a statement.
The Semmelrock Group, a wholly owned subsidiary of Wienerberger AG, generated revenues of approx. €116mn in 2017. In the future, Semmelrock will operate 14 production sites in seven countries – Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania and Slovakia – as well as sales organisations in Bosnia & Herzegovina, Macedonia, Montenegro, Serbia and Slovenia.
Don’t just follow the news—understand it.
The IntelliNews PRO service includes access to reports, exclusive market data, and more news that decision-makers care about. Stay ahead of the market with IntelliNews PRO.
Sign Up NowRelated Articles
Eurozone manufacturing growth hits four-year high in April but Middle East war drives record price surge
Eurozone manufacturing activity expanded at the fastest pace in nearly four years in April as factories rushed to build safety stocks ahead of expected price rises and supply shortages linked to the ... more
EBRD extends €75mn risk-sharing facility to Croatian bank PBZ
The European Bank for Reconstruction and Development (EBRD) has allocated a €75mn for risk-sharing facility to Privredna banka Zagreb (PBZ), a part of the Intesa Sanpaolo Group, as part of a new ... more
Erste's Croatian subsidiary boosts net profit by 55% in 2023
Croatia's Erste Bank, a subsidiary of Austria's Erste Group, announced a consolidated net profit of €241mn for 2023, marking a 55% increase from 2022's figure of €156mn. ... ... more