CORPORATE BRIEFS

PPS Detva plans to supply Volvo

Podpolianske Engineering works (Podpolianske strojárne, PPS) a.s. Detva, which together with the Japanese company Komatsu produces welded parts for construction machinery, should this year provide supplies for the Swedish auto manufacturer Volvo in the amount of 70 million Sk ($1.97 million). In 1999. PPS is obliged to supply 140 million Sk (3.9 million) worth of goods, and over the following years the sum should rise to over 200 million Sk ($5.63 million). Regarding the Volvo contract, discussions have started on the possibility of a capital fusion between the two companies. Discussions on concrete proposals will be held between top Volvo and PPS representatives in October.

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