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Matador Omskšina not doing as well as expected

After one year of operation, Matador Omskšina - a joint venture of the Slovak tire producer Matador located in Púchov and a Russian company - is operating less efficiently than expected. The joint venture started mass production on February 24, 1996, and now employs 309 people. It has financial problems, mainly a result of general insolvency in Russia, and an exceptionally high tax burden.

This year, Matador Omskšina plans to produce 500,000 tires, of which 150,000 will be sold to the Russian car maker VAZ in Togliati. It also plans to complete capacity expansion to 1.1 million tires annually, extend the production line from 4 to 14 types of tires, and improve efficiency in order to at least break even.

Top stories

Carmakers in Slovakia produced more than one million cars last year

2018 will be critical for Slovakia’s automotive industry, claim sector’s representatives.

Most cars produced in Slovakia head for export.

Slovaks in the UK do not have to fear Brexit

Brexit itself should not impact the position of Slovaks in the UK, an interim agreement between the European Union and Great Britain suggests.

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Russians win the Tatry Ice Master 2018 Video

Ice-sculptors worked with a massive 50 tonnes of ice on the weekend of January 12-14; their sculptures remain on display.

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The Bratislava airport has competition in Vienna

The airport in Vienna, only about 60 kilometres from the Slovak capital, gains 17 new low-cost airliner flights.

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