WAREX wishes you a Merry Christmas and a Happy New Year

Date: 23.12.2010
We wish you peaceful holidays and a happy and successful 2011.

Thank you all for your cooperation in the past year, we wish peaceful holidays and a happy and successful 2011.

For WAREX, 2010 was a year of significant change. Already in October of last year, WAREX began with the intensive development of a new type of building design solution that would meet the following criteria: quick construction, a high-quality architectural solution, low price, minimal shipping costs and high energy efficiency. During the course of a half-year, the new WAREX building system was developed and tested on a prototype. The building made use of new, original structural nodes, and the system is protected by a patent as a utility model in the Czech Republic and another 45 countries. Thus, at the beginning of this year, a new company division was joined the existing Steel Frame Division: Prefab Buildings.

We have registered interest in WAREX system prefab buildings not only in the Czech Republic, but also abroad. Due to their easy transport in sea containers, buildings can be transported to remote countries in Africa or Asia, where there is interest primarily in the area of school construction. With the support of local national governments, joint venture creation projects are also created. These make it easier to succeed in these remote markets, and serve to further reduce shipping costs. In October, for example, we participated in a building trade fair in Iraq, where there was great interest in our products. Similarly, we are for example negotiating with Ghanaian government authorities regarding the starting up of a joint venture.

At WAREX, we have eliminated effects of the economic crisis through the development new manufacturing products and our own capital construction projects. We built and commissioned over 120 million CZK worth of new manufacturing facilities and machines. As part of the project, the original part of our plant was rebuilt and modernized, and a new plant addition was built, thus increasing total production capacity. The plant can be fully utilized for industrial production resulting in increased manufacturing plant production, specifically the manufacture of steel frames and prefab buildings.

Within the Steel Frame Division, this year we succeeded in building many interesting buildings, such as those for Comett Plus, SAF Praha and Dalhausen Kuřim. We are currently building a two-nave building including exterior and crane track in Zaječí, and another large project is the construction of a new showroom for Auto Brejla.

The Steel Frame Division is also preparing to expand abroad. This year we were certified according to German DIN standards and environmental standards. In 2011, we are preparing to enter the German and Polish markets in conjunction with foreign partners.

I trust that 2011 will be at least as successful as this year; several interesting projects await us, including the construction of additional nursery schools, apartments, and further expansion into foreign markets.

I wish you all good health in the New Year, and many business successes.

Ing. Antonín Fryč, CSc. – CEO of WAREX Ltd.

 

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