Promising investment
Article Abstract:
Ceska rafinerska (CRA) (Litvinov, Czech Republic), oil-refining company, will invest over 8 bil Kc in its refinery in Kralupy- nad-Vltavou, Czech Republic, during 1999-2001. The investment will go to the construction of a fluid catalytic cracking (FCC) unit, which will enable the company to raise its petrol production by 100% while processing the same quantity of crude oil, 3,800 t per day. The company's diesel-oil production will increase by 50%, from 1.3 mil t to 2 mil t per year. Its propane- butane production for LPG will rise too and the unit will also produce propylene for further petrochemical production. Heavy-oil production will be minimised. The general supplier will be Fluor Daniel (Netherlands) and the technology will be delivered by Universal Oil Products (UOP) (US). The general supplier of accessory equipment is ABB Lummus Global (Brno, Czech Republic). CRA will also invest 1.5 bil Kc in the construction of a visbreaking unit at its refinery in Litvinov, Czech Republic. The construction was started in 1998 and should be completed at the end of 1999. CRA processed a total of 6.013 mil t of crude oil in 1998 compared to 6.353 mil t i 1997. According to audited results, in 1998 the company generated a turnover of 27 bil Kc, a gross profit of 3.09 bil Kc and a net profit of 1.96 bil Kc.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1999
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With investment to lost shares
Article Abstract:
Ceska rafinerska (CER) (Litvinov, Czech Republic), refinery firm, will invest a total of about 17 bil Kc in its modernisation in 1997-2002. About 6 bil Kc of the sum was invested till the end of September 1999. The firm's largest project is the installation of a technological unit of fluid catalytic cracking at its refinery in Kralupy-nad-Vltavou, the Czech Republic. The investment costs on the project will be 8 bil Kc including accessory equipment. The installation was started in the summer of 1999 and should be completed in the middle of 2001. According to CER's investment programme, the firm is aiming to take back the lost shares on the domestic market. CER's proceeds should increase to 31 bil Kc in 1999 compared to 27.323 bil Kc in 1998. The firm's pre-tax profit should be 1.8 bil Kc in 1999. CER has a majority stake held by the holding petrochemical company Unipetrol (Kralupy nad Vltavou, Czech Republic). The firm's further shareholders are the multinational companies AgipPetroli International, Conoco Energy and Shell Overseas Investments.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1999
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Investment incentives
Article Abstract:
Siemens Matsushita Components (Sumperk, Czech Republic), electrotechnical firm, has received investment incentives from the Czech government for a ferrite production plant in Sumperk. The investment costs on the project should be 43.2 mil USD. About 21.3 mil USD of the sum are represented by technology for the plant's construction. The investor expects a turnover of over 30 mil USD within five years. The project should ensure the setting up of 510 jobs.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1999
User Contributions:
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