Tatra seeking capital by issuing shares

Shareholders of the company Tatra Trucks increased the share capital of one billion
November 26, 2014 15:24 ●
Shareholders of the company Tatra Trucks, since last year include Tatra, Tatra, increased the share capital by one billion crowns. The investment will go mainly into modern manufacturing technologies. Share capital increase approved by the General Meeting last week, ČTK today spokesman Andrej Čírtek. The company Tatra Trucks own 65 percent Jaroslav Strnad and 35 percent of the company Promet Tools Rene Mater. The automaker acquired at auction where she was due to debts.
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“It signifies our partners – suppliers, customers and financial institutions that we are a financially strong company and that shareholders have full confidence in the restructuring process,” said a shareholder Matera.
Economic Director Tatra Trucks Radek Strouhal said that shareholders step is very important not only as evidence that the development of the company is serious. “At the same time there is a significant recovery company’s balance sheet, increasing the proportion of own funds in the total assets of the company. I expect that the cooperating bank on this step will react very positively and will lead to a further reduction in interest margins on operating loans to levels that will meet the significantly improved rating of the company “Strouhal said. Tatra Trucks is that according to him becoming a strong capital companies and valued financial partner, a company in the past greatly missed.
By increasing the share capital by shareholders Čírtka encourage investment, which the automaker will facilitate the growth of productivity and production quality. The spokesman said that this year the company has invested in the company and with the help of investment incentives of the Ministry of Industry and Trade of over 100 million. The automaker bought among other modern mills, milling machines and lathes as well as a new 3D measurement equipment that will guard the quality of manufactured parts. “Significant investments are also in the paint, which in the future will no longer be dependent on cooperation, but on the contrary will be able to accept external orders,” said Čírtek.
Last year Tatra sold 722 vehicles this year he sells about 840 Tatra employs 850 people, roughly 500 employees have subsidiaries Taforge and Tafonco.
November 26, 2014 15:24 ●
Shareholders of the company Tatra Trucks, since last year include Tatra, Tatra, increased the share capital by one billion crowns. The investment will go mainly into modern manufacturing technologies. Share capital increase approved by the General Meeting last week, ČTK today spokesman Andrej Čírtek. The company Tatra Trucks own 65 percent Jaroslav Strnad and 35 percent of the company Promet Tools Rene Mater. The automaker acquired at auction where she was due to debts.
“It signifies our partners – suppliers, customers and financial institutions that we are a financially strong company and that shareholders have full confidence in the restructuring process,” said a shareholder Matera.
Economic Director Tatra Trucks Radek Strouhal said that shareholders step is very important not only as evidence that the development of the company is serious. “At the same time there is a significant recovery company’s balance sheet, increasing the proportion of own funds in the total assets of the company. I expect that the cooperating bank on this step will react very positively and will lead to a further reduction in interest margins on operating loans to levels that will meet the significantly improved rating of the company “Strouhal said. Tatra Trucks is that according to him becoming a strong capital companies and valued financial partner, a company in the past greatly missed.
By increasing the share capital by shareholders Čírtka encourage investment, which the automaker will facilitate the growth of productivity and production quality. The spokesman said that this year the company has invested in the company and with the help of investment incentives of the Ministry of Industry and Trade of over 100 million. The automaker bought among other modern mills, milling machines and lathes as well as a new 3D measurement equipment that will guard the quality of manufactured parts. “Significant investments are also in the paint, which in the future will no longer be dependent on cooperation, but on the contrary will be able to accept external orders,” said Čírtek.
Last year Tatra sold 722 vehicles this year he sells about 840 Tatra employs 850 people, roughly 500 employees have subsidiaries Taforge and Tafonco.