Sklo Bohemia, which controls about 40% of the Czech crystal market, said that due to an increase in orders, the company plans to invest around 120 million crowns into development this year.
The mana…
Sklo Bohemia, which controls about 40% of the Czech crystal market, said that due to an increase in orders, the company plans to invest around 120 million crowns into development this year. The management is holding intensive talks on additional investments of about 100 million crowns, the company said. The increase in the volume of planned investments would then be nearly three times investments last year. Sklo Bohemia plans to have sales this year of around 1.15 billion crowns, 82% of which should come from exports. Sklo exports more than 80% of its ouptut, mostly to the US, Britain, Spain, Japan and Italy. “In light of incredible demand for our products, we have to ensure four times higher output than last year. In the first half of next year, we want to exceed a daily output of 120 tonnes of glass products,” said general director Oldrich Karas. Sklo Bohemia said that crystal makes up nearly 90% of the company“s output, while the remainder is made up of common drinking glasses.