Lafarge Czech Republic to invest in plant upgrades
In 2019, Lafarge Czech Republic plans to invest approximately CZK54m (US$2.4m) in the renovation of selected technology for clinker and cement production. Other areas of investment include the reconstruction of access roads alongside the noise and fire protection of buildings.
The company noted an increased demand for cement in the first quarter of 2019. However, it has also stated that rising price of CO2 allowances is worrying for the country’s cement sector.
Company revenues increased 11 per cent YoY to CZK1172m in 2018. In addition to other factors, a 48 per cent growth in net profit to CZK228m has been attributed to a recovery in the domestic and export markets and cost control.
