Blog MOTOR JIKOV Group achieved a 10% increase in revenue last year.

Last year, the Czech engineering group MOTOR JIKOV GROUP increased its revenue by 10 percent to __1.3 billion CZK__. Exports accounted for 60 percent, primarily directed to the USA, Italy, Sweden, the United Kingdom, and Slovakia.

“The growth in production is mainly driven by new projects related to actively exploring new business sectors, innovative products, and markets,” states Miroslav Dvořák, CEO and Chairman of the Board of MOTOR JIKOV Group a.s. Among the new projects are manufacturing aluminum components for the powertrain of the automaker Scania and fueling stations designed for vehicles running on compressed natural gas (CNG). The group is also developing sophisticated numerical and robotic machines.

In the past year, MOTOR JIKOV GROUP invested over __85 million CZK__, predominantly in high-pressure and low-pressure casting, machining tools, and a drilling machine.

In addition to machinery investments, the company plans to invest further this year in an eco-energy project in Soběslav, home to MOTOR JIKOV Strojírenská a.s. The project includes revitalizing the manufacturing hall through insulation of the façade, new cladding, window replacements, completing repairs and insulation of the roof, renovating the heating system, and updating the lighting. Total investments this year are expected to reach approximately __105 million CZK__. In the innovation sphere, development will focus on low-pressure casting and further improvements to CNG fueling stations.

This year's revenue is projected to remain around the level of 2011. However, the business plan anticipates export growth, mainly thanks to entering new markets such as South America, South and Southeast Asia, and the former Soviet Union.

The joint-stock company MOTOR JIKOV Group structurally incorporates three subsidiaries: MOTOR JIKOV Strojírenská, MOTOR JIKOV Slévárna, and MOTOR JIKOV Fostron. Their production programs are interconnected, focusing primarily on manufacturing components for the automotive industry, mold making, dedicated machines, casting production, and agricultural machinery. The group employs over 900 people.