Brembo launched its custom-built CTFit light manufacturing facility at CTPark Ostrava in 2011 to produce braking components for luxury and mid-market automobile manufacturers in central and Northern Europe. Since operations began, the company has won several new clients, including Land Rover, BMW, GM, Audi and Mercedes-Benz. Brembo’s facility at CTPark Ostrava is a completely new investment for the company to expand capacity and reach new customers, and is not a reallocation of an existing plant from Western Europe. Investment in the new facility is expected to reach €35 million.
Brembo is targeting annual turnover of €55 million by 2013. Thus far, the company reports that customer demand has exceeded initial forecasts. Brembo chose to locate its new business in the Czech Republic for many reasons, including proximity to its target customers, a young and well-educated workforce and modern infrastructure. CTPark Ostrava provides an ideal location for Brembo to service the well established and growing automotive industry in Central Europe.
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