The transformation of Ceske Drahy

Article Abstract:

Ceske drahy (CD) (Prague, Czech Republic), Czech Railways, will be divided. A company that will ensure railway transport should be set up from CD as of Jan 2002. Its stock should be about CEK 30 bil. Its property will include mainly railway vehicles. Besides the firm, a state institution called Sprava zeleznicni dopravni cesty (Czech Republic), which will own railway infrastructure, should be set up from CD. CD's costs on infrastructure were CEK 8.7 bil and its costs on operation control CEK 6.5 bil in 1999. The firm's productivity of labour measured in tonne-kilometres per employee increased by 9.2% in 2000 compared to 1999. CD saw a loss of CEK 4.8 bil in 2000, 22% more compared to 1999. According to CD's management, the 2000 loss is a consequence of a lack of finances for services in the field of passenger transport.

Organizational history

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Head wants to invest in the Czech Republic

Article Abstract:

Head (Austria), sports equipment manufacturer, would like to start the construction of a new ski production plant in the Czech Republic in 2001. Head plans to invest nearly CEK 225 mil in the plant. The realization of the project depends on a decision of Ceske drahy (Czech Republic), Czech Railways, to sell non-utilized land in Ceske Budejovice, the Czech Republic, to Head. The land is in the neighbourhood of the premises of Head's tennis racket production plant.

Asset sales & divestitures, Austria, Acquisitions & mergers, New capacity, new plant construction, Sporting and athletic goods, not elsewhere classified, Sporting and Athletic Goods Manufacturing, Sporting & Athletic Goods, Winter Sports Equipment, Sporting goods, Head

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Ceske Drahy will invest

Article Abstract:

Ceske drahy (Prague, Czech Republic), Czech Railways, plans to invest CEK 500 mil in the purchase of 10 new cars in 2001. They will be suburban electric units, which will replace old pantographs gradually. CD will cover the investment from a state guaranteed credit granted by Komercni banka (Czech Republic).

Capital expenditures

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