September 22, 2008

Lots of Plans but Not Many Trades

Elmarco (Liberec, Czech Republic), nano-fibre producer, expects a turnover of CEK 420 mil and balanced economic result in 2008. The company reached proceeds of CEK 370 mil in 2007 as compared with CEK 450 mil in 2006. It had a loss of CEK 40 mil in 2007. Elmarco is building a new central plant manufacturing nano-fibres in Liberec. The first part meant mainly for developers and model production will be finished till the end of 2008. Mr. Ladislav Mares is the company's founder and mainy owner. He sold about 25% of Elmarco for CEK 300 mil to three French and Swiss companies in 2007.

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