CORPORATE NEWS

POSS ADDS: New plant for Hirocem in Roho_n'k is finished

WHAT MAKES THIS TIMELY? WAS THE JV JUST FORMED?

Hirocem Inc., Roho_n'k, and the Austrian company Wopfinger Stein Kalwerke Schmid & Co. (brand name Baumit) established a joint venture called Baumit Hirocem for dried plaster. Each has a 50 percent stake in the joint venture. The construction of a new joint venture's plant in Roho_n'k saw 270 million Sk in investments. Projected annual capacity of plaster is 100,000 tons. The output should be sold mainly in Western Slovakia, with a smaller portion in the Czech Republic and Austria. Currently, the largest dried plaster coating producers in Slovakia are Cellmix Ltd., Lietavská Lúčka, with a combined annual capacity of 40,000 tons. Production in Slovakia is handicapped by obsolete technology, which is unchanged in more than 100 years.

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