Vitkovice has put aside its furnaces

Article Abstract:

Vitkovice (Ostrava, Czech Republic), metallurgy and engineering company, has to solve the future of a territory after the stoppage of its primary metallurgy production in 1998. The territory with an area of over 100 ha should be changed to a zone of the light industry and public utilities in co-operation with the city of Ostrava. The National Property Fund of the Czech Republic has reserved about 3.8 bil Kc for the gradual removal of environmental damages in the territory. Vitkovice stopped its metallurgy primary production after a 162-year production period in the summer of 1998, when its pig iron manufacturing was taken over by a blast furnace plant on the premises of Nova hut (NH) (Ostrava, Czech Republic). The plant is a joint venture of NH and Vitkovice. According to specialists, the stoppage of Vitkovice's metallurgy primary production is one of the most important steps of the restructuring of the metallurgy industry in the Czech Republic and Europe.

Iron and Steel Mills, Steel Mill Products, Steel products, Vitkovice Ostrava

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Article Abstract:

Czech Republic: According to an analysis of the agency Czechtrade (Czech Republic) about the structure of imports and exports, the exports of foreign investors are growing quicker than Czech exports, by nearly 50%. The exports are covered by a high percentage of manual jobs, 85% at connection technology, 65% at electrical machines and devices. The share of small and medium-sized firms that export and import is decreasing considerably. The structure of markets that take Czech goods is getting more simple. According to the report, the Czech Republic has become the workshop of the closest advanced countries and the Czech industry is declining.

Foreign Trade (Exports & Imports)

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The record-breaking firm Karosa

Article Abstract:

Karosa (Vysoke Myto, Czech Republic), bus manufacturer, should sell 1,200 buses in 2000 compared to the originally planned 1,141 buses. Karosa increased the sales of its Recreo buses, which are intended for France, Belgium and Luxemburg, in 2000. Besides, the firm won a tender for the supplies of buses to the oil company TNK (Russia) in 2000. Apart from the automotive company Skoda Auto (Czech Republic), Karosa is the sole Czech large motor vehicle manufacturer to be able to increase its turnover and generate profits every year.

Motor vehicles and car bodies, Buses, Heavy Duty Truck Manufacturing, Buses (Transportation), Karosa

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