Fabrika reznog alata

Fabrika reznog alata
Native name
 Фабрика резног алата
PLC
Traded as BELEX: FRCA
Industry Tool manufacturing
Founded Čačak, Serbia (31 December 1999 (1999-12-31))
Founded on 1 June 1953
Headquarters Hajduk Veljkova 37,
Čačak, Serbia
Area served
 Worldwide
Key people
 Milan Vidaković (General director)
Products Drilling tools, hard metal tools, machines, milling cutters, shaping tools, threading tools
Revenue Increase €3.01 million (2013[1])
Profit Increase €0.17 million (2013[1])
Total assets Increase €32.72 million (2013[1])
Total equity Increase €6.00 million (2013[1])
Owner Akcionarski fond a.d. (47.86%)
PIO fond (9.79%)
Others
Number of employees
 595 (2013[1])
Website www.fra.co.rs

Fabrika reznog alata (abbr. FRA; full legal name: Akcionarsko društvo Fabrika reznog alata Čačak) is a Serbian tool manufacturing company. Its headquarters is in Čačak, Serbia. With around 600 employees, it is one of the largest enterprises in the Moravica District.

History

Founded on 1 June 1953, the company originally focused on the production of carvers and taps. Since 1960, the company expanded its production to other threading tools, and tools for working openings and cutters. In the 1970s, the company was reorganized, and new production programs were established for particular types of tools and plants for production services. In May 1993, the company was at its peak of production, with more than 3350 employees.[2]

Due to the breakup of Yugoslavia and the sanctions which were put into the effect during the 1990s, the company has begun to deteriorate. This is also due to the lack of good subcontractors, lack of investments in production facilities and various lawsuits based on unpaid wages.[2]

However, the company has survived and continued to work in the 2000s with much reduced profitability. With more than 500 employees, it has gone through many financial problems and it is still recovering.[3] In April 2007, it was submitted to the OTC market at the Belgrade Stock Exchange.[4]

Since April 2010, the company is undergoing restructuring. Its main objectives are changes in the internal organization of the company and the clearance of arrears, in order to create conditions for the eventual privatization.[5]

In May 2013, the company celebrated its 60th anniversary.[2]

Activity

The company exports its products to many countries, including the United States, Russia, Iran and Poland.[3][6]

References

  1. 1 2 3 4 5 Подаци о обвезнику. apr.gov.rs (in Serbian). Агенција за привредне регистре. Retrieved 30 March 2015.
  2. 1 2 3 "FRA - prvih 60 godina". ozonpress.info (in Serbian). Retrieved 30 March 2015.
  3. 1 2 "Čačak: Fabriku reznog alata očuvali radnici". sumadijapress.co.rs (in Serbian). Tanjug. 5 April 2013. Retrieved 30 March 2015.
  4. ↑ "ODLUKA o ukljucivanju na vanberzansko trziste - FRA Cacak" (PDF). belex.rs (in Serbian). Retrieved 30 March 2015.
  5. ↑ "Odluka o pokretanju restruktuiranja subjekta privatizacije AD FABRIKA REZNOG ALATA ČAČAK". ekapija.com (in Serbian) (1 April 2010). Retrieved 30 March 2015.
  6. ↑ ""Fabrika reznog alata" izvozi za Iran". wall.rs (in Serbian). Retrieved 30 March 2015.

External links

This article is issued from Wikipedia - version of the 8/19/2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.