BrandWikiReturn

Trayal

Trayal Corporation is a company manufacturing tires, protective devices and industrial explosives.

History

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. 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 acquired automobile tire division of Trayal for 13 million euros.[5][6] The newly established company which has seceded from the Trayal Corporatio was named "Cooper Tire & Rubber Company Serbia" d.o.o.[6]

In 2013, the Government of Serbia took over the company's remaining assets, as it accumulated 130 million euros of debt.[7] 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]

See also

  • Defense industry of Serbia
  • Automotive industry in Serbia
  • FK Trayal Kruševac

External links

References

  1. БИЛАНС СТАЊА (2018) - Trayal Corporation apr.gov.rs, retrieved 6 October 2019^
  2. Основни подаци о привредном друштву apr.gov.rs, Serbian Business Registers Agency, retrieved 24 February 2018^
  3. The history of Trayal Corporation trayal.rs, retrieved 23 February 2018^
  4. Trajal prodat za 12,1 milion evra b92.net, 20 November 2006, retrieved 23 February 2018^
  5. Američki "Cooper tires" kupio kruševački "Trayal" za 13 mil EUR - Planirano zapošljavanje 700 radnika ekapija.com, 8 December 2011, retrieved 23 February 2018^
  6. COOPER TIRE ACQUIRES ASSETS OF SERBIAN PLANT coopertire.com, 8 December 2011, retrieved 23 February 2018^
  7. S. Babović. Pola "Trajala" državi novosti.rs, 30 December 2015, retrieved 23 February 2018^
  8. Rade Stanković. Protivgradne rakete sa daljinskim upravljanjem politika.rs, 29 May 2017, retrieved 11 April 2019^