CKD DS: Running bankruptcy

Article Abstract:

CKD Dopravni systemy (CKD DS) (Prague, Czech Republic), railway car manufacturer, could know its future owner in the middle of Dec 2000. Siemens (Germany), Skoda Plzen (Czech Republic) and Inekon (Czech Republic) are interested in the purchase of the bankruptcy assets of CKD DS. In 2000 CKD DS goes on producing in spite of declared bankruptcy proceedings. The firm's largest realized contract regards a supply of coaches for the underground in Prague. CKD DS has produced about 30 coaches within the contract so far. It should transfer a total of 110 coaches, 22 five-coach train sets, to Dopravni podnik hlavniho mesta Prahy (Prague, Czech Republic) by 2002, within the contract. Siemens and Adtranz (Germany) are involved in their production, besides CKD DS. In 2000 CKD DS is completing a supply of spare parts for supplied tramway cars to Manila, the Philippines. The ensuring of servicing including spare parts was a condition of the Philippine party for the payment of the purchasing price for the supplied tramway cars. CKD DS has nearly 1,100 employees.

Siemens AG

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Single market, single-minded

Article Abstract:

Clustering of industries into geographic regions still occurs in single market Europe. Milan and Paris are centers of the fashion industry, financial services are big in London and the textile industry has a cluster near Prato, Italy. Open markets will probably lead more business to move into their industry's cluster region.

Europe, Forecasts and trends, Regional economics, Single European market, Industrial locations, Industrial location

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The timid colossus

Article Abstract:

Defense Sec William Cohen's May 1997 quadrennial defense review (QDR) retains many of his predecessors' assumptions about military preparedness and procurement needs. Critics charge that the QDR takes a go-slow approach on reform, and that Cohen should have jettisoned the simultaneous two-war policy.

Reports, Military policy, Defense spending, United States. Department of Defense, Cohen, William S.

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