POE-PEUGEOT
Article Abstract:
POE (Production Outillage Electrique (POE) is looking for partners to put a foothold in Brazil to avoid the heavy, 30% taxes on imports, an unsuccessful job up to now due to the presence of Black & Decker, Bosch and other big names in power tools. The French company is a bit worried with this as the Brazil-based big competitors might take advantage of the Mercosur scheme to put a foothold in Argentina, where POE is doing well. Argentina is the second-largest export market with FFr 10mn, behind Germany and FFr 15mn, out of a total FFr 60mn in export sales at POE. The company is well known in this country thanks to the Peugeot brand which it is allowed to use in return for paying loyalties to the French carmaker, no longer POE's owner as the company has been part of the Italian company Stayer since 1993. Peugeot's lion symbol also allows POE to perform well in Uruguay and Paraguay. The company, worth FFr 260mn in sales and a 250 staff, is currently setting up in Chile.
Comment:
Looks for partners to put foothold in Brazil to avoid heavy 30% taxes on imports
Publication Name: MOCI
Subject: Business, international
ISSN: 0026-9719
Year: 1998
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Stock is not enough for guarantees
Article Abstract:
Skoda Praha (SP) (Prague, Czech Republic), engineering firm, saw a net profit of 26 mil Kc in 1998. The firm's proceeds amounted to 19.1 bil Kc in 1998. About 10 bil Kc of the proceeds were generated abroad. SP exports in co-operation with the trade firm Skodaexport (Prague, Czech Republic). SP has a stock of 50 mil Kc. The sum is not sufficient for guarantees for big contracts. That is why the firm is looking for a partner to increase its stock. The state wants to hold a majority stake in SP by the completion of the first block of Temelin Nuclear Power Station (TNPS). SP generates a turnover of about 5 bil Kc per year at the construction of TNPS.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1999
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