Salvation from the US
Article Abstract:
CKD Vagonka (CKDV) (Studenka, Czech Republic), railway car manufacturer, should be partly sold to Thrall Car Manufacturing (TCM) (US). TCM wants to purchase CKDV's wagon and metal-working production plants, to ensure their operating financing and to maintain their employment on the level of at least 1,000 persons. The number should increase to 2,500-3,000 employees prospectively. TCM wants to cover a part of costs on the transfer of CKDV's coach manufacturing including compensations for employees from the part of the firm. CKDV lacks operating capital for the financing of its current trade contacts. The company's cumulative loss amounted to 1.06 bil Kc as of 30 November 1998. Besides, the firm had credits and loans of 3.019 bil Kc at the same time. TCM does not want to take over CKDV's bank credits. About 1 bil Kc of the credits could be covered from proceeds for the sale of CKDV's assets and the rest should be included that part of the firm part that will not be bought by TCM.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1999
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Osram Bruntal will invest CEK 860 mil
Article Abstract:
Osram Bruntal (OB) (Bruntal, Czech Republic), electrical technology firm, will invest CEK 860 mil in new production equipment during the next five years. A part of the investments will be used for the launching of tungsten wire and spirals. OB, which is a subsidiary of Siemens (Germany), has asked the Czech government for investment incentives.
Publication Name: Ekonom
Subject: Business, international
ISSN: 1210-0714
Year: 2001
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