America for a high price
Article Abstract:
ZPS (Zlin, Czech Republic), machine tool manufacturer, has to realise financial restructuring within its recovery in 1999. The company will decrease its stock by 1.77 bil Kc shortly compared to the current 1.77 bil Kc. Then, the firm will increase its stock to 1.6-2.2 bil Kc. ZPS saw a loss of 2.1 bil Kc after the inclusion of risks and rectifying items in 1997 compared to a profit in 1996. The company has outer sources of 6 bil Kc. About 1 bil Kc of the sum is represented by bonds, 1 bil Kc by long-term bank credits and 4 bil Kc by short-term payables including bank credits of 3 bil Kc. ZPS has a 2% share on the US market in 1999. The firm also exports to countries of the European Union. ZPS has ensured production for the next few years, its productivity of labour is increasing, the volume of its production and exports is rising but it has problems with the redemption of bank credits.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1999
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Quality for the best price wins
Article Abstract:
Skoda Auto (SA) (Mlada Boleslav, Czech Republic), car company, bought parts worth 66 bil Kc from its suppliers in 1999. Parts worth 42.7 bil Kc, about 65% of the total sum, came from Czech companies. Slovak firms supplied SA with parts worth 2.2 bil Kc. SA, which awards prizes to its best suppliers every year, gave prizes to its eight best suppliers in June 2000. One of them was Akuma (Mlada Boleslav, Czech Republic), which supplied SA with 393,000 accumulators in 1999, 25% of its total production. SA generated a turnover of 110.4 bil Kc in 1999, 4.4% more than in 1998. Its net profit amounted to 2.6 bil Kc in 1999, 17.8% more compared to 1998.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 2000
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Quality is a trump
Article Abstract:
Znovin Znojmo (ZZ) (Satov, Czech Republic), wine company, is leaving table wine production to focus on quality products. Table wines will represent only 10% of ZZ's production in 2000 compared to 60% in 1995. It is pointless for the firm to produce table wines because it cannot make them as cheap as producers in the European Union can. ZZ's net profit totalled 3.1 mil Kc in 1999, 100% more compared to 1999. ZZ has a 4% share on the Czech wine market.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 2000
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