Wienerberger AG, one of the leading building material producers in Central and Eastern Europe, steps up the pace of its growth course in Romania by expanding its current business and investing in existing production sites. The company abandons its plan to acquire Brikston, a Romanian brick producer, and withdraws the application submitted to the Romanian anti-trust authority.
Heimo Scheuch, CEO of Wienerberger AG, says, "Our goal is to strengthen our industrial platforms and accelerate our growth. We are excellently positioned in Romania and see attractive opportunities for growth with our existing portfolio. We therefore focus on expanding our structures through organic growth projects. At the same time, I do not exclude the future possibility of broadening our local portfolio through diversification into other building materials."
The Wienerberger Group has been present in Romania since 1998 and is one of the biggest building material producers in the country. The company operates six production sites for clay blocks and concrete pavers and employs a workforce of about 470 people. In 2017, Wienerberger Romania generated revenues of over Eur 76 million. The country is one of the biggest markets in the CEE region and has a healthy and growing residential construction market. Bricks are among the most popular and most frequently used building materials in Romania.
"In its role as innovation leader, Wienerberger has played a significant role in the Romanian construction sector during the past 20 years. We invested consistently in our Romanian activities and intend to continue on this path by expanding our existing production sites. Our main focus will be on deepening our customer relationships and on the further development of innovative products and digital technologies", underlines Heimo Scheuch.
Wienerberger is the world's largest producer of bricks (Porotherm, Terca) and the market leader in clay roof tiles (Koramic, Tondach) in Europe as well as concrete pavers (Semmelrock) in Central and Eastern Europe. In pipe systems (Steinzeug-Keramo ceramic pipes and Pipelife plastic pipes), the company is one of the leading suppliers in Europe. With its total of 197 production sites, the Wienerberger Group generated revenues of Eur 3,120 million and EBITDA of Eur 415 million in 2017.
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Wienerberger AG is a pure free float company, whereby the majority of shares are held by Austrian and international institutional investors. Additional information on the shareholder structure is provided under https://www.wienerberger.com/investor-relations/the-wienerberger-share/the-wienerberger-share/shareholder-structure. (end)