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BUSINESS IN SHORT

Volkswagen tops Slovakia’s firms

VOLKSWAGEN Slovakia topped the ranking of Slovak companies according to sales revenue in 2010.

VOLKSWAGEN Slovakia topped the ranking of Slovak companies according to sales revenue in 2010.

The Bratislava-based automotive company ranked 18th in the central European region in the CEE Top 500 ranking compiled by the firm Coface, with revenue in 2010 of €4.04 billion, surpassing last year’s Slovak number one, Samsung Electronics Slovakia, the Hospodárske Noviny daily reported.

“We started with production of the new-generation VW Touareg and Porsche Cayenne,” Volkswagen spokesperson Vladimír Machalík told Hospodárske Noviny. “In autumn we had to switch to non-stop production seven days a week.”

Samsung was third in the ranking, following the Slovnaft oil refinery which claimed second place. Recent years have been difficult for many electronic companies, with the daily noting that despite high production a drop in the prices of televisions has affected total revenue.

Automotive companies have been doing much better as the Žilina-based Kia Motors automobile assembly plant also ranked among the top 30 companies in central Europe thanks to new models it started producing at its factory.


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