Wednesday, November 20, 2019
Sign-In
|
Sign-Up
|
Contact Us
|
Bookmark
Home
News
Articles
Forum
Search
Directory
Blog
Accounts
Business
|
Politics
|
Technology
|
Entertainment
|
Sport
|
Other
|
All Published News
|
The United Heavy Machinery-Power Machines Group has signed an agreement today on buying three subsidiaries of Skoda Holding
The United Heavy Machinery-Power Machines Group has signed an agreement today on buying three subsidiaries of Skoda Holding (the Czech Republic), the press service of the machine-building concern Power Machines reported. The deal covers Skoda JS (Skoda Jaderne Strojirenstvi) and the consortium Skoda Steel (Hute and Kov?rny). Skoda JS designs, manufactures and services machinery for the nuclear energy industry, the petrochemical and oil refining industries. Skoda Kovarny is the world leader in the production of parts for four-cycle diesel engines. Skoda Hute makes steel and cast iron castings. The total volume of sales of the three companies reached about $200m in 2003. Upon completion of the deal, Skoda JS will be integrated into the department of United Heavy Machinery-Power Machines dealing with equipment for the nuclear energy industry, and Skoda Steel will be a part of the metal department of the group. This acquisition is expected to give the company access to the East European market of servicing and modernization of equipment for nuclear power plants. As reported earlier, United Heavy Machinery and the Power Machines concern announced a merger of equals in December 2003.
Related News
Trade between Russia and Japan increased by 41% in 2003
Vagit Alekperov is heading to the USA to discuss the possibility of purchasing 800 gas stations in USA
LUKoil's proven reserves exceed 20 billion barrels of oil equivalent
Standard&Poor's has announced a lowering of its long-term credit rating for the oil giant YUKOS from BB- to ???
LUKoil announced data on its proved reserves, according to an independent audit by US-based Miller and Lents
Gazprom must participate in the development of Kovytinskoye gas field
GDP in the first quarter of 2004 compared to December of 2003 grew by 0.7%, and relative to the analogous period last year, by 8%
The Aeroflot airline company increased its passenger traffic by 15.7 percent to 1,336,500 people in the first quarter of 2004 compared with the same period last year
In order to ensure Gazprom's planned growth in gas production to 590bn cubic meters by 2020 and to 630bn cubic meters by 2030
The weighted average exchange rate of the US dollar with "tomorrow" clearings rose to 28.64 RUR/USD at the beginning of the Unified Trading Session today
The Moscow Arbitration Court has banned the oil company YUKOS from selling or giving in trust management any of its property, except for its basic production
The Central Bank of Russia opposes the establishment of foreign-bank subsidiaries on Russian territory
Russia has signed protocols on Russia's joining the World Trade Organization with Hungary, Czechia, Latvia and Lithuania
Zarubezhneftegaz and Uzbekneftegaz Wednesday signed a Production Division Agreement in Tashkent
Impeksbank is organizing the financing for Center-Capital to buy eight Boeing-757 aircraft from Condor Flugdienst
The high prices of oil will remain so for a long time
Monetarisation of economy in Russia
Russian Anti-Economic Crime Department at work
A total of 40 fatalities have now been confirmed as a result of an explosion Saturday in the Taizhina coal mine
Avtotor in Kaliningrad has assembled its first new-series BMW vehicle in preparation for regular production of the Series 7 cars
Mar
April 2004
May
Mo
Tu
We
Th
Fr
Sa
Su
29
30
31
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
1
2
3
4
5
6
7
8
9