CZECH RAILWAY INDUSTRY EXPORTS OVER HALF OF ITS PRODUCTION The present successful advancement of railway transport was enabled thanks to more than 200 years of traditional development of the Czech railway industry. The former ČKD and SKODA plants, together with a range of other manufacturers, have always been at the top of their professions. The quality of their products is reflected in their high exports.
This long-standing tradition is successfully linked to the present representatives of the Czech railway industry, who do not rely only on tradition but invest significantly in the development of new products, in the purchase of high-tech technologies and the renewal of production areas. This technological innovation is necessary to ensure the competitiveness of this industrial branch. A highly competitive and stable industry that is resilient towards the economic difficulties associated with the current pandemic situation – just as can be translated into the economic results – was achieved last year by companies associated in the Association of Czech Railway Industry (ACRI). Last year, ACRI members achieved a turnover of approximately 77 billion crowns and, importantly, compared to the
previous year, which was not affected by the problems associated with the COVID-19 infection, their turnover increased slightly year-on-year. “The share of exports is very significant, reaching 53 per cent in 2020. It proves that Czech companies offer innovative and competitive products and services in this demanding sector, “says Marie Vopálenská, CEO of ACRI. “The stability of the industry is proving to be a very important factor in maintaining employment, especially in today’s difficult times. And, of course, it is important for the country’s economic indicators – according to an analysis prepared by Deloitte, Czech companies operating in the railway industry create an added value of approximately 26 billion crowns. If we include indirect and induced effects, it is almost 52 billion crowns, which represents 1.3 per cent of the Czech Republic’s GDP. “
ECONOMIC RESULTS OF FIRMS OPERATING IN THE RAILWAY INDUSTRY
turnover CZK mil.
export CZK mil.
employees Source: analysis for 2020, ACRI
36
2021
The Czech Republic – Your Business Partner in the EU
