Kablo Vrchlabi will change its owner

Article Abstract:

Kablo Elektro Vrchlabi (KEV) (Vrchlabi, Czech Republic), cable manufacturer, will change its owner. The group around Prvni investicni spolecnost (Czech Republic) will sell its 60% stake in KEV. The reason is the current legislation, which orders to decrease the big volumes of shares in one firm to the legal level of 11%. KEV's new owner should be known in Aug 2001. KEV saw a net profit of CEK 687 mil in 2000, 12% more compared to 1999. CEK 2 mil of the 2000 net profit will be transferred to the firm's social fund and the rest will remain retained. KEV will not pay dividends for 2000. Its 2000 proceeds totalled CEK 1.38 bil, one third more compared to 1999. The proceeds growth was influenced by an increase in sales and high products prices. Exports represented more than 25% of KEV's sales in 2000, 2% less compared to 1999. The firm's products line includes mainly power conductors, heating cables and electro-insulation tubes and tapes. KEV's subsidiary is Kablo Elektro (Velke Mezirici, Czech Republic).

Asset sales & divestitures, Brief Article, Kablo Elektro Vrchlabi, Prvni investicni spolecnost

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Packaging for Shell will be from Pardubice

Article Abstract:

Obal centrum (OC) (Pardubice, Czech Republic), trader in packaging, has won a contract on a supply of packaging for Shell CZ (Prague, Czech Republic) in a tender. The contract should double the firm's proceeds in 2001 compared to 2000. OC is involved mainly in trade in packaging for dangerous substances. It operates a transport centre with a storage area on the premises of the airport in Pardubice. The firm is a member of the association of the packaging industry SYBA. In 2000 the company saw a gross profit of CEK 2.2 mil under a turnover of CEK 30 mil.

New orders received, Business services, not elsewhere classified, Contract Packaging Services, Packaging and Labeling Services, Packaging services, Obal Centrum

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Matsushita looks for employees in Pardubice

Article Abstract:

Matsushita (Japan), electrical technology firm, is starting to look for the first employees for its production in Pardubice, the Czech Republic, in Mar 2001. The firm wants to build a Panasonic mobile telephone and car radio production plant in Pardubice. The plant should be commissioned at the end of 2001. Matsushita wants to start pilot production with about 100 persons on rented premises during Apr-May 2001, within the project. Matsushita wants to invest a total of about CEK 3.3 bil and to set up nearly 1,100 jobs in Pardubice.

Japan, Labor force information, Production management, Matsushita Electric Industrial Company Ltd., MC

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