Kappa is bought by AssiDomaen

Article Abstract:

Kappa Karton Morava (KKM) (Zimrovice, Czech Republic), cardboard and corrugated paperboard manufacturer, expects its profit to increase by 25% to CEK 104 mil in 2001 compared to 2000. Its proceeds should increase by 14% to CEK 1.39 bil in 2001 compared to 2000. The firm saw a profit of CEK 83.5 mil in 2000. The profit was influenced by the firm's restructuring, which was started in 1997. Its cumulative loss amounted to over CEK 258 mil for 1997-1999. The loss was influenced by the bad payment habits of consumers, among others. In 2000 KKM exchanged 80% of its management staff, launched packaging, improved its relations with consumers and started its decentralization. The firm has two divisions, one in Zimrovice and one in Brno, Czech Republic. It has been owned by Kappa Packaging from AssiDomaen AB since 1997.

Sales, profits & dividends, Czech Republic, PAPER AND ALLIED PRODUCTS, Paper & Allied Products, Paper Manufacturing, Paperboard, Brief Article, Paper products industry, Paper industry, Kappa Karton Moravia

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AssiDomaen to sell a division

Article Abstract:

AssiDomaen (Sweden), wood-working and paper concern, will sell its corrugated paperboad box production division for USD 1.07 bil. The division's new owner will be Kappa Holdings (Netherlands). The firm's plants in Zebrak-u-Berouna, the Czech Republic, and Empack (Olomouc, Czech Republic) will have a new owner too. Kappa Karton Morava (Zimrovice, Czech Republic), part of Kappa Packaging (Netherlands), will increase the number of its employees from 360 to 570 persons within the transaction. Its capacity will double shortly compared to the current 100 mil sq mt of corrugated paperboard.

Netherlands, Misc. Converted Paper Products, Packaging Paper & Board, Corrugating Medium, Packaging industry, Packaging papers, Corrugated board, Kappa GSF

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Vychodoslovenske Energeticke Zavody enters the Ukraine

Article Abstract:

Vychodoslovenske energeticke zavody (VEZ) (Kosice, Slovakia), electric power distributor, is expanding to the Ukraine in 2001. VEZ has bought control stakes in three pwer distribution firms in the Ukraine. VEZ will pay UAH 101 mil for a 70% stake in Sevastopolmikenergo (Ukraine), UAH 112 mil for a 65% stake in Chersonoblenergo (Ukraine) and UAH 88 mil for a 51% stake in Kirovohradoblenergo (Ukraine). VEZ will pay a total of UAH 301 mil, USD 56 mil, for the stakes.

Electric services, Slovakia, Ukraine, Electric Power Distribution, Statistical Data Included, Vychodoslovenske energeticke zavody, Sevastopolmikenergo, Chersonoblenergo, Kirovohradoblenergo

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