The state gives a hand to CKD
Article Abstract:
CKD Praha Holding (Prague, Czech Republic), holding engineering company, will be cleared of debts. The cleared firm, which will be owned by the state, will do judicial settlement with its creditors and will increase its capital by CEK 5 bil shortly compared to the current CEK 0.5 bil. The owners of CKD Praha Holding will be the state bank Konsolidacni banka (KoB) (Czech Republic) and the National Property Fund (NPF), the Czech Republic. A series of recovery steps will mean a total loss of CEK 2.3 bil for KoB and NPF. CKD Praha Holding saw proceeds of CEK 4.72 bil in 2000 compared to CEK 6.77 bil in 1999. The company saw a loss of CEK 851 mil in 2000 compared to CEK 7.3 bil in 1999.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
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Pal increases its output
Article Abstract:
Pal International (Prague, Czech Republic), electrical engineering firm, saw proceeds of more than CEK 900 mil in 2000. The sum is about 20% higher compared to 1999. The firm saw a balanced economic result in 2000. It exported over 66% of its products in 2001. Its consumers are plants of the concern Volkswagen (Germany), among others. In 2001 Pal should start to supply wiper sets to the automotive company Volvo. The firm's products line includes mainly electric motors and other car wiper parts.
Publication Name: Mlada Fronta Dnes
Subject: Business
ISSN: 1210-1168
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
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