MUS saw a profit
Article Abstract:
Mostecka uhelna spolecnost (MUS) (Most, Czech Republic), brown coal company, plans to sell over 17 mil t of coal in 2001. About 9 mil t of the quantity should be purchased by the power firm CEZ (Prague, Czech Republic). The volume of the company's coal sales should remain on the same level in 2001 as in 2000 but it should increase by 4 mil t compared to 1999. MUS saw a net profit of CEK 504 mil under proceeds of nearly CEK 7 bil in 2000. In 1999 it generated a loss of CEK 1 bil under proceeds of CEK 6.6 bil. The 1999 loss was caused mainly by a decrease in the coal consumption of CEZ. Besides, coal consumption has been decreasing since 1996, due to the drop of industrial production, the expansion of gas heating and power savings. MUS decreased the number of its employees to 6,000 at the end of 2000 compared to more than 10,000 persons in 1997.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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Marconi has a contract from Kiev
Article Abstract:
TTC Marconi (Czech Republic), electrical technology firm, has been awarded a contract on a supply of telecommunication networks for Kyivenergo (Ukraine). The contract worth EUR 0.5 mil, CEK 18 mil, will be arranged in Prague, the Czech Republic, on 21 Feb 2001. On the basis of the contract, the firm will supply equipment for five telecommunication junction points to the network of Kyivenergo. The project is financed from the finances of the World Bank. In 1999 the firm supplied equipment worth CEK 70 mil to the Ukraine. Exports, which also go to Russia, Lithuania, Slovakia and Italy, represent 35% of the firm's turnover. In 2000 the company saw proceeds of about CEK 600 mil and a net profit of CEK 20-25 mil. TTC Marconi is a joint venture between TTC Tesla Telekomunikace (Czech Republic) and Marconi (Italy).
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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Matsushita signs a contract
Article Abstract:
Matsushita Communication Industrial Czech (Pardubice, Czech Republic), electrical technology firm, will build a new plant in Pardubice. The plant will produce car radio sets and mobile telephones under the trade mark Panasonic. The construction will be financed by the parent company Matsushita (Japan), which will purchase a piece of land with an area of 14 ha from the city of Pardubice for more than USD 1 mil. A contract on the sale has been arranged. The construction of the plant should take two years.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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