CORPORATE NEWS

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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Fifty soon for death, wrote Kočner shortly before the murder

Some Threema messages between Kočner and Zsuzsová proven by other evidence.

Abandon hope all ye who enter Threema

Kočner's underworld will not cease to exist with his mere sentencing.

Marian Kočner (r) faces charges for, among others, forging promissory notes.

Paneláky are an irony of history

Many older Slovaks are nostalgic of the job security and the flats they got “from the state for free” before 1989.

The European Commission is sceptical of Slovakia's budget

It forecasts Slovakia’s economic expansion to give way to slower growth.

The government meets in Bratislava on October 2, 2019