15 January 1998: Vertex Litomysl of the Czech Republic, the largest domestic producer of fibre glass, reported revenues of Kc 2.5 billion in 1997, which amounts to 40% more than in 1996.The company“s…
15 January 1998: Vertex Litomysl of the Czech Republic, the largest domestic producer of fibre glass, reported revenues of Kc 2.5 billion in 1997, which amounts to 40% more than in 1996.The company“s pre-tax profit for 1997 was totalled at Kc 230 million against Kc 200 million in 1996. Vertex said the revenue increase was a result of heavy investments made by the company over the past few years into its plants in Litomysl, Hodonice and Moravsky Krumlov, while exports also accounted for 85% of revenues. Over the past five years Vertex has invested more than Kc 2 billion. The largest customers were Germany, Italy, Poland, Austria, France and Belgium.