Italian brake product maker Brembo has announced plans to build a new production plant in the Czech Republic. The three-year, 35 million euro project will start operations in 2011. The project included rehabilitating an existing industrial building in the city of Ostrava, Brembo said.
Brake calipers and other aluminum components will be cast, machined and assembled there, Brembo said, and it plans to develop an “integrated industrial center supplying quality brake systems with a high technological content to the European market.”
Brembo Czech s.r.o. is expected to achieve sales turnover of around 55 million euros in 2014, generated through new business through the new plant.
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