Siemens sells plants in Stribro and Plzen-Bozkov
Article Abstract:
Siemens Automobilova technika (SAT) (Stribro, Czech Republic), automotive cable manufacturer, saw proceeds of about EUR 75 mil, more than CEK 2.5 bil, in 2000. Its 2000 profit amounted to EUR 1.2 mil. SAT will be acquired by Alcoa Fujicura (US) shortly. The parent firm Siemens has decided to sell the branches involved in the production of automotive bunched cables. The reason is the incapability of long-term competitiveness on the automotive cable market, where the strongest firms are Yazaki (Japan) and Alcoa Fujicura (US). In the Czech Republic, Siemens will also sell a 75% stake in its automotive cable production plant in Plzen-Bozkov to Yazaki (Japan).
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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Tatra becomes profitable again
Article Abstract:
Tatra (Koprivnice, Czech Republic), automotive company, saw a net profit of nearly CEK 147 mil in 2000 compared to a loss of CEK 2.635 bil in 1999. Its proceeds totalled CEK 4.320 bil in 2000. Tatra's consolidated proceeds were CEK 5.674 bil in 2000. Tatra has seven subsidiaries. The company sold 1,632 lorries in 2000, 45.5% more compared to 1,122 lorries in 1999. The volume of the firm's lorry production rose by 39.5% to 1,686 lorries in 2000 compared to 1,209 pieces in 1999. Tatra is being offered for sale to strategical investors. They are Behring, Cirex and SDC International, among others.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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Tatra: a new owner will be known by the end of 2001
Article Abstract:
Tatra (Koprivnice, Czech Republic), lorry manufacturer, should have a new owner by the end of 2001. The firm saw a preliminary gross profit of CEK 191 mil in 2000 compared to a loss of CEK 2.6 bil in 1999. Tatra's proceeds rose to CEK 4.3 bil in 2000 compared to CEK 2.8 bil in 1999.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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