Tatramat Quasar

Type
Business expansion
Country
Slovakia
Region
Slovensko; Východné Slovensko; Prešovský kraj
Location of affected unit(s)
Poprad
Sector
Manufacturing
(24 - 25) Manufacture of metals
25 - Manufacture of fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
100 jobs
Number of planned job creations
Job creation
Announcement Date
2 December 2005
Employment effect (start)
1 January 2006
Foreseen end date

Description

Tatramat Company is the biggest Slovak producer of hot water boilers. Company management plans to increase the volume of production in 2006. Annual sales revenue SKK 500 million for 2005 should increase to some SKK 750 million in 2006. Company exports around 80% of its production, mostly to the EU countries, USA and Canada. Since October 2004 the Tatramat Company is owned by German Stiebel Eltron, which is the biggest producer of hot water boilers, heating systems and heat pumps in Europe.

Sources

  • 2 December 2005: SME

Citation

Eurofound (2005), Tatramat Quasar, Business expansion in Slovakia, factsheet number 62595, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62595.