Czech Business & Trade 3/2018

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ECONOMIC POLICY way to solve this problem is development and technical innovation, their practical application and closer collaboration of engineering companies with research and development institutions,” adds Vanda Petrov, Director of OT průmysl, ABF, a.s. • GROWTH FACTORS ARE BASED ON GROWING FOREIGN DEMAND The revenues of engineering firms will grow by 5.1 % this year. Next year will show a slowdown to 2.9 %, with one-fifth (20 %) of the companies expecting a decline in their revenue. The profit rate will decline in one-quarter (26 %) of firms and next year in one-third (34 %) of them. Currently, however, the total manufacturing capacity of engineering firms is filled at 92 % and the job vacancy rate is down to a mere 2 %. The proportion of companies having more contracts than in the comparable period of last year has declined to less than onehalf. “Growth factors, in my opinion, are the growing demand for Czech engineering products in foreign countries, growing productivity and efficiency of production, and the general growth of business confidence and optimism. The greatest anti-growth factors, as I see it, are the shortage of skilled and unskilled labour, the strengthening crown and growing costs (input raw materials, wages, external services),” says Petr Novák, Managing Director of Koyo Bearings Czech Republic, s.r.o. (kBCZ). The revenue of Czech engineering firms derived from export will grow by 5.2 % this year on average, which mainly concerns large companies (by 5.8 %). Small and medium-sized firms will show a growth in their revenues derived from export by approximately one percentage point less (4.6 %). Next year, company managers expect the growth of their revenue derived from export to slow down to a rate of 3.3 %. Brisk firm is fully export-oriented, with 97 % of its revenues being derived from the export of its products to 77 countries on 5 continents. It exports its goods to the strategically most important markets, such as the whole of Europe, Russia and the former CIS states, the USA and South America, Africa, the Middle and Near East, Australia, Malaysia, Indonesia, Thailand, and China. All Photo: www.bigstockphoto.com; Siemens archives | 6
Double Anniversary at ARGO-HYTOS s.r.o., Vrchlabí ARGO-HYTOS s.r.o., Vrchlabí celebrates two anniversaries in 2018, namely the 25th anniversary as a member of the ARGO-HYTOS group and the 15 year anniversary of the name change from Hytos a.s. to ARGO-HYTOS a.s. In 1993, today’s ARGO-HYTOS Group, together with the former partner Ulbrich GmbH, took over the majority of the shares in Hytos a.s. In 2003, Hytos a.s. was renamed ARGO-HYTOS a.s. in the course of the restructure of the ARGO-HYTOS Group. Furthermore, in 2007 the company was transformed into a GmbH, s.r.o. In 2006-2008 significant investments were made by the ARGO-HYTOS Group in Vrchlabí. For example, around EUR 8 million were invested in expanding the production area by twice the old space, renovating the old production area and in building a new high-bay warehouse. Another EUR 10 million were invested in new machinery and new assembly lines with new test benches. These high investments combined with the great commitment of the employees have paid off. ARGO-HYTOS s.r.o. today has one of the most modern production facilities for hydraulic products in Europe. Within the ARGO-HYTOS Group, ARGO-HYTOS s.r.o. is the competence centre and the main production site for the hydraulic Fluid & Motion Control (FMC) product range. With around 650 employees and the functional areas of development, sales, finance, purchasing / logistics, production, IT and quality assurance, ARGO-HYTOS s.r.o. is not only the largest production site within the ARGO-HYTOS Group, but also a development centre for the product groups valves, control blocks, and power units. The rapid growth of these product groups in recent years shows that the price-performance ratio and the quality of the products are in demand worldwide. ARGO-HYTOS s.r.o. will continue to work intensively over the next few years to further adapt the product range to the needs of the markets by expanding and modernising the product range by means of stronger electrification of the products, the expansion of system technology and the implementation of digitisation solutions. In addition to product development, the introduction of further automation solutions and the use of the latest production technologies will be a key objective in the following years. ARGO-HYTOS s.r.o. · Dělnická 1306 · 54315 Vrchlabí · Czech Republic · Tel.: +420 499 403 111 · info.cz@argo-hytos.com
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