Cylinders Holding will invest in line in Ostrava

Published: 23.08.2020 Related countries:  Korea (south) Korea (south)

Investments continue despite COVID-19

In 2020 seamless steel cylinders manufacturer Cylinders Holding plans to invest in a new line in Ostrava, which is to work for hydrogen projects, among other things. Due to the COVID-19 situation, the company has focused on new hydrogen trends and oxygen for respiration. In 1H 2020, Cylinders Holding increased sales to CZK 2.2bn. In 2019, it was CZK 2.1bn. The EBITDA indicator increased by 22 % to approximately CZK 273m. The share of exports was over 95 %.

Source: CIA News
Prepared by the team of foreign office CzechTrade and CzechInvest Seoul