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Wednesday, September 15, 2004

Wienerberger opens plant in Romania

The Austrian company Wienerberger opened a plant in Romania yesterday. Wienerberger, an Austrian company founded in 1819, is the largest bricks producer world-wide.

The plant was opened in Gura Ocnitei in Romania, with an estimated investment of 18 million Euro. The plant will produce around 140 million bricks yearly, all of them being targeted at the Romanian market.

Mr. Wolfgang Reithofer, CEO of Wienerberger, estimates that only 45% of the Romanian bricks market is saturated, leaving a good space for new investments and new companies comming to this market.

Wienerberger also bought this year a plant in Sibiu and are estimating a 10 million euro revenue from the Romanian market in 2004.

Posted by Mihai : 9/15/2004 09:56:00 am