Trayal Corporation

Trayal Corporation
Native name
 Трајал Корпорација
Joint-stock company
Industry Manufacturing
Founded 31 January 1955 (1955-01-31) (Current form)
29 June 1889 (1889-06-29) (Founded)
Headquarters Kruševac, Serbia
Area served
 Worldwide
Key people
 Miloš Nenezić (General director)
Products Tires, explosives, protective wear
Revenue Increase €24.92 million (2016)[1]
Increase €0.21 million (2016)[1]
Total assets Increase €86.97 million (2016)[2]
Total equity Steady €0 (2016)[2]
Owner Privatization Agency (57.43%)
Government of Serbia (25.00%)
PIO Fond (13.91%)
Akcionarski fond (1.95%)
Individuals (1.71%)
Number of employees
 1,147 (2016)
Subsidiaries TRAYAL HEM d.o.o.
DETONIT DOOEL
Website trayal.rs/en/home/
Footnotes / references
Business ID: 07144083
Tax ID: 100315020 [3]

Trayal Corporation (Serbian: Трајал Корпорација) is a company manufacturing tires, protective devices and industrial explosives based in Kruševac, Serbia.

History

Trayal Corporation was founded in 1889 in Kruševac as a "Gunpowder Works".[4]

2006–present

In November 2006, the Government of Serbia sold 76.9% of shares of the company to the Bulgarian Brikel EAD (owned by the businessman Hristo Kovachki) for a sum of 12.1 million euros, with the obligation to invest 25.1 million euros.[5] At the time, Trayal Corporation had 3,500 employees in five divisions.[6] However, over the years, most of the production was significantly reduced due to poor management.

In December 2011, the American tire manufacturing company Cooper Tire & Rubber Company took automobile tire facilities of Trayal for a sum of 13 million euros.[7][8] The newly established company which has disintegrated from the Trayal Corporation, was named "Cooper Tire & Rubber Company Serbia" d.o.o.[8]

In 2013, the Government of Serbia took over the company's remaining assets, as it accumulated 130 million euros of debt and contract with the Bulgarian company was cancelled.[6]

As of 2018, "Trayal Corporation" is the largest working collective in the city of Kruševac, with exports to the foreign markets.[4]

Market and financial data

"Trayal Corporation" exports to the former Yugoslav republics, EU countries and the United States.

According to the 2016 financial report submitted to the Serbian Economic Registry Agency, the company has around 1,150 employees and it posted an annual profit of €180,000 for the calendar year of 2016.[1]

See also

References

  1. 1 2 3 "БИЛАНС СТАЊА (2016) - Trayal Corporation". apr.gov.rs (in Serbian). Retrieved 23 February 2018.
  2. 1 2 "БИЛАНС СТАЊА (2016) - Trayal Corporation". apr.gov.rs (in Serbian). Retrieved 23 February 2018.
  3. ↑ "Основни подаци о привредном друштву". apr.gov.rs (in Serbian). Serbian Business Registers Agency. Retrieved 24 February 2018.
  4. 1 2 "The history of Trayal Corporation". trayal.rs. Retrieved 23 February 2018.
  5. ↑ "Trajal prodat za 12,1 milion evra". b92.net (in Serbian). Beta. 20 November 2006. Retrieved 23 February 2018.
  6. 1 2 Babović, S. (30 December 2015). "Pola "Trajala" državi". novosti.rs (in Serbian). Retrieved 23 February 2018.
  7. ↑ "Američki "Cooper tires" kupio kruševački "Trayal" za 13 mil EUR - Planirano zapošljavanje 700 radnika". ekapija.com (in Serbian). Beta. 8 December 2011. Retrieved 23 February 2018.
  8. 1 2 "COOPER TIRE ACQUIRES ASSETS OF SERBIAN PLANT". coopertire.com. 8 December 2011. Retrieved 23 February 2018.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.