Tranformation programme at Spolchemie
Article Abstract:
Spolchemie (Usti nad Labem, Czech Republic), chemical company, has been under transformation since 1999. Among other things, the company is extending its epoxide resins capacity from 11,000 to 25,000 t per year. It is using world-standard technologies, which will require an investment of 15 mil USD. To finance the project, Spolchemie will probably have to set up joint ventures with strategical partners and financial institutions. The company expects proceeds of 3.181 bil Kc in 2000 compared to 2.729 bil Kc in 1999. It is strengthening co-operation with its research and development institute Synpo (Pardubice, Czech Republic). Within environmental protection, in 1999 Spolchemie built a treatment plant for sewage from its epichlorohydrin production with a contribution of 3 mil DEM from Germany. To remove earth contamination dating back before 1989, the National Property Fund of the Czech Republic will provide Spolchemie with about 2.9 bil Kc. Among other things, the means will be used for the maintenance of the dump in Chabarovice and the cleaning of earth at Lybar (Velvety). In 2000 Spolchemie has 1,530 employees.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 2000
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Spolchemie improves results
Article Abstract:
Spolchemie (Usti nad Labem, Czech Republic), chemical company, expects a net profit of 90 mil Kc in 2000 compared to 21 mil Kc in 1999. Its 2000 proceeds should amount to 3.2 bil Kc. In 1H 2000 the company generated a profit but it does not want publish its level. Its 1H 2000 proceeds amounted to nearly 200 mil Kc, 14% more compared to 1H 1999. In 1999 Spolchemie lowered the number of its employees by 500, due to which it saved 116 mil Kc. The company plans to save another 100 mil Kc on changes in purchase organization. Spolchemie (Usti nad Labem, Czech Republic), chemical company, economic results in mil Kc Year 1994 1995 1996 1997 1998 1999 2000* ----------------------------------------------------------------- NeNet profit/loss 44.7 -85.3 2 -2150 -228 21 90 Proceeds 2751 3283 3199 3507 3483 2729 3181 * estimate >TE
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 2000
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Spolchemie with Reichhold
Article Abstract:
Spolek pro chemickou a hutni vyrobu (Spolchemie) (Usti nad Labem, Czech Republic), chemical firm, has arranged a contract on co-operation with Reichhold (US). Both the firms will co-operate in production, sales and technical help in the field of unsaturated polyester resins (UPR). Reichhold from the group Dainippon and Chemicals (Japan), the largest global UPR producer, will build a regional warehouse for its products on Spolchemie's premises. Besides, Reichhold will control the marketing of Spolchemie's polyesters. According to a contract, Reichhold has bought a 50% stake from Spolchemie in the synthetic resin sale joint venture Reichhold-Spolchemie (RS) (Usti nad Labem, Czech Republic). Reichhold has become the holder of a 100% stake in the joint venture.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1999
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