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BUSINESS BRIEFS

Matador revenues reach Sk13.4 billion

THE MATADOR group reported preliminary consolidated revenues of Sk13.4 billion (€350 million) in 2004. Company chairman Štefan Rosina said the firm expected a gross profit of Sk388 million (€10 million), according to the SITA news agency.

In 2004 the Púchov-based company acquired auto parts maker Pal-Inalfa through its subsidiary, Matador Automotive. Matador financed this acquisition from its own resources and projects' funds.

According to Matador-Inalfa's director, Miroslav Krčmár, this acquisition represents the group's radical penetration of suppliers and producers of components for the automotive industry.

Matador's managers said they are now a vertically integrated group of companies involved in the production and sale of car tyres, conveyor belts, machines and equipment for the rubber industry.

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