Lorry maker Tatra has operating profit under new owner
ČTK | 18 JULY 2013
Koprivnice, North Moravia, July 17 (CTK) – Czech lorry maker Tatra made an operating profit of Kc83.8m on a turnover of Kc762.1m under a new owner in a period of March 15 to June 30, Tatra Trucks spokesman Andrej Cirtek told CTK Wednesday.
The Koprivnice-based firm belongs to Tatra Trucks.
Former owners had not published business results of the company last year.
“Short-term objectives, that is resumption of production and fast growth of the company’s efficiency have been fulfilled,” said deputy chairman of the board of directors of Tatra Trucks Radek Strouhal.
Tatra has plans to produce 880 vehicles this year. The capacity of the production line has risen from three to four lorries a day. In the future the daily volume is expected to rise to five vehicles amid maintaining one-shift operations, said Cirtek.
Tatra believes to get a boost from a new product it has developed, a vehicle adapted to move across the field. It has been developed for farmers to replace a tractor.
“We are now visiting our old/new customers in the Near and the Middle East, India, Russia, Central Asia and in other places creating foundations of a future growth,” said board chairman Petr Rusek.
The current capacity is sufficient to make around 3,000 cars a year with the use of more shift operations, a level the firm plans to achieve in the years ahead, said Rusek.
A new managerial team led by Petr Karasek has joined the firm this week. Its priority is working out a development strategy of the firm.
Vratislav Kulhanek and Petr Hrdlicka are members of the team.
Tatra is a traditional lorry manufacturer. Four Czech and foreign investors represented by Ronald Adams of the USA had controlled Tatra from 2006. This year, however, Tatra was put up for auction over its debts, its value put at Kc1.765bn. Tatra’s debt amounted to Kc1.5bn.
As of April of the year the firm is in the hands of Czech entrepreneur Jaroslav Strnad (65 percent) and of Promet Tools owned by Czech businessman Rene Matera (35 percent).
Lorry maker Tatra has operating profit under new owner
ČTK | 18 JULY 2013
Koprivnice, North Moravia, July 17 (CTK) – Czech lorry maker Tatra made an operating profit of Kc83.8m on a turnover of Kc762.1m under a new owner in a period of March 15 to June 30, Tatra Trucks spokesman Andrej Cirtek told CTK Wednesday.
The Koprivnice-based firm belongs to Tatra Trucks.
Former owners had not published business results of the company last year.
“Short-term objectives, that is resumption of production and fast growth of the company’s efficiency have been fulfilled,” said deputy chairman of the board of directors of Tatra Trucks Radek Strouhal.
Tatra has plans to produce 880 vehicles this year. The capacity of the production line has risen from three to four lorries a day. In the future the daily volume is expected to rise to five vehicles amid maintaining one-shift operations, said Cirtek.
Tatra believes to get a boost from a new product it has developed, a vehicle adapted to move across the field. It has been developed for farmers to replace a tractor.
“We are now visiting our old/new customers in the Near and the Middle East, India, Russia, Central Asia and in other places creating foundations of a future growth,” said board chairman Petr Rusek.
The current capacity is sufficient to make around 3,000 cars a year with the use of more shift operations, a level the firm plans to achieve in the years ahead, said Rusek.
A new managerial team led by Petr Karasek has joined the firm this week. Its priority is working out a development strategy of the firm.
Vratislav Kulhanek and Petr Hrdlicka are members of the team.
Tatra is a traditional lorry manufacturer. Four Czech and foreign investors represented by Ronald Adams of the USA had controlled Tatra from 2006. This year, however, Tatra was put up for auction over its debts, its value put at Kc1.765bn. Tatra’s debt amounted to Kc1.5bn.
As of April of the year the firm is in the hands of Czech entrepreneur Jaroslav Strnad (65 percent) and of Promet Tools owned by Czech businessman Rene Matera (35 percent).
Categories: Tatra Works
July 19th, 2013