Glass Companies Lack Finances
September 24, 2008
Bohemia Crystalex Trading (BCT) (Liberec, Czech Republic), glass group, got to serious financial troubles during 2H 2008. The power group CEZ (Czech Republic) disconnected all the plants of BCT on 18 Sep 2008. It is the warning of CEZ. BCT has debts of millions of Czech crowns for electric power towards CEZ. The financial problems of BCT are culminating in connection with the global financial crisis and the strong exchange rate of the Czech crown. BCT, the largest glass group in the Czech Republic has 5,400 employees.
(c) 2008 Access Czech Republic Business Bulletin. Provided by ProQuest LLC. All rights Reserved.