GO
Loading...

Enter multiple symbols separated by commas

World's largest brick maker eyes organic growth, acquisitions

The chief financial officer for Austrian brick maker Wienerberger told CNBC that it is eyeing a "cautious" recovery in 2014 and expects a return to growth and strengthen its position in North America with some acquisitions.

Wienerberger is the world's largest producer of clay bricks, according to its website, and has 221 factories across 30 countries including including the U.S. After a tough start to the year due to cold weather on the east coast of America, chief financial Will Van Riet told CNBC that company is expecting a "positive evolution" over the course of this year.

Alexandru Magurean | E+ | Getty Images

"We are still positive about the U.S. market," he said. He added that the company will look at smaller "bolt-on" acquisitions to strengthen its position in North America but no negotiations were underway at this stage.

This comes as two major firms in the construction industry joined hands on Monday with Switzerland's Holcim unveiling a deal to buy France's Lafarge to create the world's biggest cement maker with combined sales of 32 billion euros ($44 billion). Van Riet said this activity is typical of the sector which has been consolidating in recent years.

CNBC Global CFO Council

  • P&G's key growth drivers: PG CEO

    Foreign exchange has had a big impact on both the top and bottom line, says Jon Moeller, Procter & Gamble CFO, breaking down the company's quarterly results, and weighing in on the "slight tailwind" from commodity prices, and the company's new CEO.

  • Our first focus is the customer: United CFO

    CNBC's Phil LeBeau joins John Rainey, United Continental CFO, for an exclusive interview to discuss the computer outage with United as well as previews of A350.

  • Wells Fargo CFO: Anticipate low rates for longer

    John Shrewsberry, Wells Fargo CFO, shares his global view of economic health, and expectations for performance as rates move higher.

Video

  • P&G's key growth drivers: PG CEO

    Foreign exchange has had a big impact on both the top and bottom line, says Jon Moeller, Procter & Gamble CFO, breaking down the company's quarterly results, and weighing in on the "slight tailwind" from commodity prices, and the company's new CEO.

  • Our first focus is the customer: United CFO

    CNBC's Phil LeBeau joins John Rainey, United Continental CFO, for an exclusive interview to discuss the computer outage with United as well as previews of A350.

  • Wells Fargo CFO: Anticipate low rates for longer

    John Shrewsberry, Wells Fargo CFO, shares his global view of economic health, and expectations for performance as rates move higher.