Zavody Automatizacni Techniky, the Pribram, northern Bohemia-based supplier of computer-based control and monitoring equipment to heavy industry, has announced 1993 revenues equivalent to $9m and profits of $600,000. The company, a spin-off of the state-owned uranium industry, is being handed to the private sector and 54% of its equity was divested in the Czech Republic’s […]
Zavody Automatizacni Techniky, the Pribram, northern Bohemia-based supplier of computer-based control and monitoring equipment to heavy industry, has announced 1993 revenues equivalent to $9m and profits of $600,000. The company, a spin-off of the state-owned uranium industry, is being handed to the private sector and 54% of its equity was divested in the Czech Republic’s first round of coupon privatisation and the remainder is set to be privatised in the second round. The company is currently acting as a sub-contractor to Westinghouse Electric Corp, which is constructing a controversial nuclear power station at Temelin, near the Austrian border, despite fierce Austrian objections. Zavody’s commercial director Jan Tichy argued that the firm’s only competition now comes from foreign firms.
