Brick cost-cutting drive is aimed at raising profits

Austrian brick manufacturer, Weinerberger, hopes to raise profits on the back of cost cutting and acquisition in its main markets in 2007, in spite of a lacklustre environment.

Austrian brick manufacturer, Weinerberger, hopes to raise profits on the back of cost cutting and acquisition in its main markets in 2007, in spite of a lacklustre environment.

The company expects demand for construction materials in its two major markets, the US and Germany, to stagnate or drop next year, but hopes to increase profit through slashing costs and buying other firms in both markets.

A pick-up in the US market is expected next year, while demand in Germany would be dampened at least for another year after a 3% point sales tax hike comes into effect at the start of 2007.

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