Stival stops shoe production
Article Abstract:
Stival (Napajedla, Czech Republic), shoe manufacturer, has ended its production. The company sold its plant in Veseli-nad-Moravou, the Czech Republic, which was commissioned in 1993, to Penta Shoe (PS) (Czech Republic), whose management consist of its former managers. PS supplies shoes mainly to Italy. The plant in Veseli-nad-Moravou has about 200 employees. From Mar 1999 Stival was owned by IPR (Italy), which sold its 100% stake to Altec Invest (Zlin, Czech Republic) in Nov 2000. Altec Invest, which is involved in consultncy and mediation activities, has sold shoe production to PS. Currently, Stival owns a network of about 40 brand shops. It has a receivable worth about USD 13 mil in Russia from 1996-1998. In 1999 Stival saw proceeds of CEK 482.6 mil and a loss of CEK 244.6 mil. The firm's loss from its operating activities was CEK 37 mil in 1999. Stival started operation on the Czech market in 1990.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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Prabos wants to extend its production considerably
Article Abstract:
Prabos (Slavicin, Czech Republic), shoe manufacturer, plans to extend its shoe production to more than 700,000 pairs of shoes in 2001 compared to the current nearly 520,000 pairs of shoes. The firm will export nearly a half of its production in 2001. Its proceeds should increase by 40% to more than CEK 450 mil in 2001 compared to 2000. The company should triple its profit in 2001 compared to 2000. In 2001 Prabos will decrease the number of its employees. It has 750 employees currently. The firm decreased the number of its employees by 100 in 2000. Prabos manufactures mainly working, special and tracking shoes. It supplies its products to the Czech army, among others. The firm is a subsidiary of Svit (Zlin, Czech Republic), which is under bankruptcy proceedings.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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Shoe production decreased in 2000
Article Abstract:
Czech Republic: The volume of shoe production decreased by 3 mil pairs to 10.5 mil pairs of shoes in 2000 compared to 1999. The decline started in 1996, when 25.7 mil pairs of shoes were produced. About 30 mil pairs of shoes per year are sold on the Czech market currently. The average consumption per inhabitant was 2.84 pairs in 2000. A 10% share on the domestic market is covered by Czech production, a 60% share by Chinese production and the rest by production from other countries.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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