The Urals mining company UGMK is increasing its share of the Czech acompany Aircraft Industries to 100 per cent. A contract for the purchase of the minority stake held by Czech company PAMCO INT is due to be signed in the next few days.

Traťová strojní společnost (TSS) from Ostrava has won a contract in Slovakia to maintain railway permanent way. Until 2015 it will maintain tracks for Železnice Slovenskej republiky in the Zvolen, Trnava, Košice and Žilina areas.

At a cost of more than 330 million CZK the engineering company Legios is to supply 155 freight wagons to France. It has also signed a deal with a customer in Turkey, for whom it will this year and next produce 300 tanker wagons.

The largest Czech engineering group Škoda Transportation has won orders worth more than 17 billion CZK over the first six months of this year. The company owes these historic results mainly to investment in product research and development.

The Armatury Group from Dolní Benešov in the Opava area has signed a contract to supply 200 pipe valves for gas pipelines and terminals in Algeria. Having won a difficult tender, in total it will supply goods worth more than 100 million CZK.

The South Korean car company Hyundai has increased its production capacity in Europe to half a million vehicles. This has also been achieved by an expansion of the Izmit factory in Turkey, which can now produce 200 thousand cars a year.

Tatra from Kopřivnice is back in profit with new owners and under new management. For the period from 15th March to 30th June it achieved operating profit of almost 84 million CZK, with revenue exceeding 762 million CZK.

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Published by: Media Developments s.r.o.