South West | Industry, manufacturing

Brick maker Lemax invests $11m in production facilities.

29 Apr '08
Interfax reports that the building material manufacturer Lemax plans to finish its $11m reconstruction projects at its ceramic brick and gas equipment manufacturing factories in 2008. The investment sources, according to reports are a 5 year, $7m loan from Centr-Invest bank and the balance from the company's own funds. As a result of the reconstruction Lemax will be able to produce 90% more ceramic bricks (up to 32 million pieces per year) and 30% more gas boilers (up to 120,000 units per year).
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