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Koramic Clay Roof Tiles
Koramic Clay Roof Tiles
Koramic Clay Roof Tiles
Contact Name:
Martin Fewtrell
Address:
Wienerberger House, Brooks Drive, Cheadle Royal Business Park, Cheadle, Cheshire
Post Code:
SK8 3SA
Email Address:
martin.fewtrell@wienerberger.com
Founded in 1819 in Vienna and traded since 1869 on the Vienna Stock Exchange, Wienerberger can look back on a great tradition. Only in 1986 the company started its dynamic expansion, which has focused on building materials since the introduction of Value Management in 1997. This transformed Wienerberger from a local Austrian brick-maker into the world’s largest producer of bricks within a few years. During this time the number of production facilities rose from 11 to a level of 260 plants in 26 countries. 2007 was an extremely successful year for Wienerberger, but this was not reflected in the price of our share. At mid-year we raised our earnings targets to reflect the outstanding develop-ment of business in Central-East Europe – and finally even exceeded these targets, although the downturn of residential construction in the USA and Germany was stronger than expected. We also accelerated our profitable growth program in order to take advantage of opportunities and create a potential for future expansion. In contrast, the price of the Wienerberger share showed anything but satisfactory development. Despite our solid operating results, it fell sharply in the wake of the US financial crisis and in no way reflected the strength of the company. However, we are still convinced that our strategy is sound. We intend to continue our profitable expansion in the future and generate above-average earnings growth to provide the basis for a sustainable increase in value for our shareholders.
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