Crisis managers leave Vinium Velke Pavlovice

Article Abstract:

Vinium (Velke Pavlovice, Czech Republic), wine company, sold nearly 13 mil bottles of quality variety wines in 2000. The firm increased its proceeds from the sales of its products by CEK 100 mil to CEK 308 mil in 2000. According to preliminary results, the firm saw a profit of CEK 31.5 mil in 2000 compared to a loss of more than CEK 30 mil in 1999. The positive 2000 economic results allowed the leaving of crisis managers, who controled Vinium during a one-year period. The wine subsidiary Vino Bzenec (VB) (Bzenec, Czech Republic), which has an 80% stake held by Vinium, saw a loss of nearly CEK 50 mil in 2000. The drop of the 2000 proceeds was a consequence of the firm's restructuring. VB ended its unprofitable production of table and fruit wines and launched quality variety wines. Vinium and VB should merge in 2001.

Wines, brandy, and brandy spirits, Wineries, Wine, Vinium

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Moravan prepares two new aeroplanes

Article Abstract:

Moravan-Aeroplanes (MA) (Otrokovice, Czech Republic), training aeroplane manufacturer, is preparing two new aeroplanes. The first of them will be a propeller-driven transport aeroplane with a capacity of 8-10 passengers and the other machine should be a single-engine training aeroplane with a capacity of 2-4 passengers. The firm has manufactured only training aeroplanes so far but not transport aeroplanes. In 2000 it sold some aeroplanes on the Asian market. Currently, MA is negotiating aeroplane supplies to Singapore, Australia and China. The firm saw an operating profit of CEK 14 mil in 2000 compared to a loss of CEK 73 mil in 1999. Its proceeds increased by 25% to more than CEK 556 mil in 2000 compared to 1999. MA is involved in the production of aeroplanes, safety belts and containers for air transport.

Product development, Aircraft & Parts, Aerospace Product and Parts Manufacturing, Aircraft and Parts, Brief Article, Morava-Aeroplanes

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Korado's proceeds exceed CEK 2 bil

Article Abstract:

Korado (Ceska Trebova, Czech Republic), radiator manufacturer, increased the proceeds for the sales of its products and services by 11% to CEK 2.117 bil in 2000 compared to 1999. According to preliminary results, the firm saw a balanced economic result for 2000. The company generated losses over 1998-1999 owing to an investment of CEK 2.5 bil in the construction of a new plant. Korado is one of prominent radiator manufacturers in Europe.

Heating Equipment (except Warm Air Furnaces) Manufacturing, Heating equipment, except electric, Cast Iron Boilers & Radiators, Korado

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