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May 26, 2015 12:32 PM ET

Machinery

Company Overview of VÍTKOVICE Holding, a.s.

Company Overview

VÍTKOVICE Holding, a.s., through its subsidiaries, is engaged in the fields of machinery manufacture and supply of large investment assemblies. It offers long forged products and pipes; shaped forgings, castings, and ship parts; gearboxes, gears, and machine parts; steel cylinders; fire extinguishing equipment; and machine parts, machinery equipment, and technological equipment. The company also provides information systems, and information and communications technology solutions; and maintenance services for machines and technologies; structural steel construction and technological equipment installation services; and testing, calibration, transport, and facility management services. In add...

Ruska 2887/101

Ostrava,  706 02

Czech Republic

Founded in 1828

Phone:

420 59 5956878

Fax:

420 59 5956035

Key Executives for VÍTKOVICE Holding, a.s.

VÍTKOVICE Holding, a.s. does not have any Key Executives recorded.

VÍTKOVICE Holding, a.s. Key Developments

Vitkovice Machinery Group Provides Earnings Guidance for the Full Year of 2014 and 2015

Vitkovice Machinery Group provided earnings guidance for the full year of 2014. For the year, the company is expecting a profit of CZK 479 million for 2014, which represents an annual rise of CZK 327 million or 214%. A consolidated operating profit is put at CZK 1.2 billion, about 60% more on the year. The company expects that profit will grow by about 50% in 2015.

Vitkovice Machinery Group to Supply 1,000 Shafts to Wind Plants in Denmark, Spain

Vitkovice Machinery Group (VMG) will supply 1,000 wind turbine shafts worth almost CZK 500 million to companies in Denmark and Spain. All the shafts must be delivered by the end of 2015 because VMG expects to receive an order for the same amount of shafts also for the year 2016. VMG has obtained the new contracts due to significant innovations. The contract will lead to a 3% increase in the production of these types of shafts and to a quick start of three-shift operation at a new plant which VMG opened in Poland at the beginning of this year 2015.

Vitkovice Machinery Group Opens Filling Stations and Plans to Open 20 CNG Filling Stations in 2015

Vitkovice Machinery Group opened two large-capacity CNG (compressed natural gas) filling stations on the R10 express road near Mlada Boleslav, central Bohemia. Vitkovice Machinery wants to open another 20 CNG filling stations next year.

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