KORADO

Type
Business expansion
Country
Czechia
Region
Česko; Severovýchod; Pardubický kraj
Location of affected unit(s)
Česká Třebová
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
125 jobs
Number of planned job creations
Job creation
Announcement Date
29 June 2007
Employment effect (start)
1 July 2007
Foreseen end date
1 July 2010

Description

Korado is the largest Czech producer of steel flat panel radiators and also enjoys an international profile. In 2006, the company employed over 600 workers and its turnover exceeded 2.5 billion CZK. On 29th June 2007, the firm announced that its activities would be expanded with an investment of 800 million CZK and with the subsequent creation of 125 new jobs over three years. Korado also owns a manufacturing site in Bulgaria with over 250 workers and operates business units in Germany, Poland, Lithuania and other European countries.

Sources

  • 29 June 2007: CzechInvest

Citation

Eurofound (2007), KORADO, Business expansion in Czechia, factsheet number 65585, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65585.