Trayal Corporation (Serbian: Трајал Корпорација, romanized: Trayal Korporacija) is a company manufacturing tires, protective devices and industrial explosives based in Kruševac, Serbia.
 | |
Native name | Трајал Корпорација Trayal Corporation |
|---|---|
| Company type | Joint-stock company |
| Industry | Manufacturing |
| Founded | 31 January 1955 (Current form) 29 June 1889 (Founded) |
| Headquarters | Parunovačka 18 V, Kruševac , Serbia |
Area served | Worldwide |
Key people | Miloš Nenezić (General director) |
| Products | Tires, explosives, protective wear |
| Revenue |  €41.75 million (2019) |
| €2.9 million (2019) | |
| Total assets |  €82.70 million (2018)[1] |
| Total equity | €14.83 million (2018)[1] |
| Owner | Registar akcija i udela (33.1%) PIO Fond (23.1%) |
Number of employees | 1,100 (2019) |
| Subsidiaries | Trayal Hem Detonit (North Macedonia) |
| Website | trayal |
| Footnotes / references Business ID: 07144083 Tax ID: 100315020 [2] | |
History edit
Trayal Corporation was founded in 1889 in Kruševac as a "Gunpowder Works".[3]
In 2006, the Government of Serbia sold 76.9% of shares of the company to the Bulgarian Brikel (owned by the businessman Hristo Kovachki) for a sum of 12.1 million euros, with the obligation to invest 25.1 million euros.[4] At the time, Trayal Corporation had 3,500 employees in five divisions.[5] However, over the years, most of the production was significantly reduced due to poor management.
In 2011, the American tire manufacturing company Cooper Tire & Rubber Company took automobile tire facilities of Trayal for a sum of 13 million euros.[6][7] The newly established company which has disintegrated from the Trayal Corporation, was named "Cooper Tire & Rubber Company Serbia" d.o.o.[7]
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.[5] In 2017, Trayal Corporation developed remotely-controlled anti-hail protection system used in agriculture.[8]
As of 2018, "Trayal Corporation" is the largest employer in the city of Kruševac, with exports to the foreign markets.[3]
Market edit
"Trayal Corporation" exports to the neighbouring Balkan countries, EU countries and the United States.
See also edit
References edit
- ^ a b "БИЛАНС СТАЊА (2018) - Trayal Corporation". apr.gov.rs (in Serbian). Retrieved 6 October 2019.
- ^ "Основни подаци о привредном друштву". apr.gov.rs (in Serbian). Serbian Business Registers Agency. Retrieved 24 February 2018.
- ^ a b "The history of Trayal Corporation". trayal.rs. Retrieved 23 February 2018.
- ^ "Trajal prodat za 12,1 milion evra". b92.net (in Serbian). Beta. 20 November 2006. Retrieved 23 February 2018.
- ^ a b Babović, S. (30 December 2015). "Pola "Trajala" državi". novosti.rs (in Serbian). Retrieved 23 February 2018.
- ^ "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.
- ^ a b "COOPER TIRE ACQUIRES ASSETS OF SERBIAN PLANT". coopertire.com. 8 December 2011. Retrieved 23 February 2018.
- ^ Stanković, Rade (29 May 2017). "Protivgradne rakete sa daljinskim upravljanjem". politika.rs (in Serbian). Retrieved 11 April 2019.