International Property News
Bonatrans Group sales up 17% in 2007
20th February 2008
Europe's largest producer of railway wheels and wheel sets, Czech BONATRANS Group of Karel Komarek's financial and investment group KKCG, generated sales worth Kc4.66bn in 2007, up from Kc4bn the year before, CFO Vaclav Paprok told CTK Wednesday.
Bonatrans exports most of its output to some 60 countries.
Last year's investments in modernisation of equipment totalled Kc260m.
Bonatrans employs 1,100 people who will earn Kc25,940 monthly on average this year, Kc6,000 more than is the average for the Moravskoslezsky region.
Czech weekly Tyden wrote in January that Moravia Steel- Trinecke zelezarny owners are eyeing Bonatrans and ZDB GROUP, both units of KKCG and both operating in Bohumin, in Moravskoslezsky region (northern Moravia). The price has been estimated at $500m (some Kc8.3bn). Trinecke zelezarny is a key supplier of ZDB Group.
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