KMV is looking to expand into European markets where until now it has only had a minimal involvement. In late-2001, KMV acquired the Swiss company, St. Moritz Mineralwasser Chaunt Blains, for CZK28m. The company owns the rights to the mineral water spring in St. Moritz and has also acquired the site where the bottling plant will be built. However, KMV has an option to sell the company back to its original owners if there are problems with the development and the plant is not built by 2006.
SWITZERLAND: Czech water company plans Swiss plant
Karlovarske Mineralni Vody (KMV), the Czech mineral water producer, is planning to build a bottling plant in Switzerland, the company's CEO, Antonio Pasquale, said at KMV's general meeting on Monday.