SLOVAKIA
Comes of Age








JUDr. Anton Bidovský

Interview with JUDr. Anton Bidovský
Chairman & CEO
Read our exclusive interview



 

VSŽ a.s. Košice

044 54 Košice
Slovak Republic

Tel: 00421 55/ 673 41 35
Fax: 00421 55/ 673 25 83

E-mail: abidovsky@vsz.sk
Web site: www.vsz.sk

 
MISSION OF THE COMPANY

The mission of our company is to permanently capitalise the property of shareholders in the form of capital investments, to raise the return on assets, to eliminate entrepreneurial risks, and to build correct relations with our business partners.

VISION OF THE COMPANY

The vision of the VSŽ Group companies is to reach the growth of proceeds and profit along with the growth of productivity so that the companies could offer attractive opportunities for the entrance of foreign capital.

The core business will be the capitalisation of flat rolled products. The VSŽ Group companies

- will be incorporated in the global economy net

- will achieve the clients' satisfaction by high quality of its products

- will be much-frequented place for development and self-realisation of top experts

- will achieve its shareholders' satisfaction by the regular growth of shares market price and regular payment of dividends.

ORGANISATION

VSŽ is a holding company concentrated on the following core business activities:

- lease of fixed assets

- administration of capital shares and controlling

- management of financial assets.

THE COMPANY PROFILE

In over 40-year history of VSŽ, 2000 was a year of breakthrough, when metallurgical assets were sold to the company USX Global Holdings, I. B. V. After this transaction, VSŽ, a. s. can be characterised as a holding company concentrated on the following business activities:

1. Companies capitalising metallurgy products
Among the basic spheres of business of these companies is processing of flat rolled materials, production of profiles, steel constructions, castings and dividing of steel rolls.

2. Companies producing machines and equipment
Their main business spheres are: production of machines for dividing and bending of sheet metal and pipes, production of parts of textile machines, production of line feeders, gas boilers and large-capacity kitchen equipment.

3. Companies directly providing metallurgy production for U. S. STEEL Košice, s. r. o.
Their sphere of business mainly includes following activities: packaging of steel products, supplies and maintenance of electric and control systems, reconstruction and maintenance of railways and siding tracks, supplies and repairs of refractory linings, operation of cranes, small maintenance, production of spare parts, treatment and supplies of steel scrap, dividing and production of cut sheets from sheet steel.
4. Companies providing services:
The business of these covers the following spheres: catering services, cleaning, administration of buildings, renting of non-residential premises, travel agency services, recreational and regeneration stays, medical and sanitary services, maintenance of buildings, administration and maintenance of forests, training and education of employees, administration of flats.
The VSŽ, a. s. Group also includes the company TEHELNE TEMAKO, a. s., Hanušovce nad Toplou, producing building masonic materials.

STRATEGY

Main strategic objective
The main strategic objective is to increase the profitability of the company's assets and to eliminate entrepreneurial risks from the past.

The focus
will go on the continuity of the present entrepreneurial activities with their gradual development aimed at higher added value.

Three areas of activities
Activities connected with sheets processing (VSŽ Inžiniering, Stylkov, Variakov, Kovostroj Dobšiná, Profil Rakovo)

Supplies of materials and services for U.S. Steel Košice (VSŽ Servis, Obal Servis, Koksmont, Getra)

Other activities (Nemocnica, Gastrometal, Ferrotour, VSŽ Byty, tehelne Temako, VSŽ Vzdelávacie a poradenské centrum)

Concentration of activities
on sheets processing for USSK

In other activities
The stress on economic results and preparation for the sale to strategic investors

What can we offer our partners

· highly qualified labour force in engineering and metallurgical industry (foundry practice)

· 40-year experience in the field of services for metallurgy

· labour force expenses lower by 70% in comparison with EU countries

· intermediary for foreign investment in the region

· investment services

· land, buildings, technologies for expansion throughout Slovakia

· capacity for "greenfield and brownfield" development

· excellent geographical location for distribution to Ukraine, Poland and Hungary

· abundant available labour resources in the region

  Read on  

© World INvestment NEws, 2002.
This is the electronic edition of the special country report on Slovakia published in Forbes Global .
May 27th, 2002 Issue.
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