COMPANY NAME: EKRANAS
TYPE: Limited liabilities
YEAR OF ESTABLISHMENT: 1962
THE COMPANY WAS PRIVATIZED AND REGISTERED AS LTD.: On April , 1994
THE COMPANY CODE: 1478 02225
ACTIVITY: Manufacturing of electronic devices
AUTHORIZED CAPITAL: 323 087 080 Lt
ANNUAL TURNOVER 2004: 467 LTL
TV tube factory located in Panevezys, Lithuania, approximately 130 km north of the capital, Vilnius. Description of Company and Purpose of Project Ekranas is the second largest private company in Lithuania. The Company makes color TV tubes and is the only remaining TV tube factory of all of Former Soviet Union which remains in operation UNTIL 2006 !
STATE:DEFUNCT
- 2006-04-12 From wire reports
bankruptcy on April 7 2006, citing unfavorable trends on the global electronics market. The TV tube manufacturer said it was depleted of working capital and no longer able to pay suppliers and back loans, nor meet other obligations.
Ekranas said in a statement to the Vilnius Stock Exchange that CEO Eimutis Zvybas had asked the Panevezys Regional Court to open bankruptcy proceedings.
The news comes as a mild shock after the company had welcomed an upturn in demand for TV tubes and announced that its financial picture looked more optimistic. But the company said it could not operate due to a shortage of working capital. It also said that a glass melting furnace failure had aggravated the situation.
Ekranas, which is located in Panevezys, posted a loss of 110.3 million litas (32 million euros) for 2005, compared to a net profit of 1.3 million litas in 2004. Sales dropped by 27.3 percent to 339.6 million litas last year.
The company said it would ask the VSE to move its shares from the blue chip Official List to the Current List. The bourse asked the financially troubled producer to consider removing its shares from the blue chip list in early March.
Meanwhile, Vilniaus Vingis, a component electronics manufacturer, said it had halted the supply of deflection yokes to Ekranas.
"Ekranas has not bought anything today, and we do not know what will be tomorrow. Everything is absolutely unclear 's nobody tells us anything," said CEO Vaclovas Sleinota.
Vilniaus Vingis reduced the output of deflection yokes, which were still purchased by a Samsung plant in Hungary and a Thomson plant in Poland.
Sleinota was unwilling to comment on the company's future plans. "The decisions will be made and announced by the new board," he said.
The new board, which is likely to include Nerijus Dagilis, chairman of investment company Hermis Capital, will be elected on May 13.
Vilniaus Vingis posted losses of 5.6 million litas in 2005 as sales slumped 33.8 percent to 81.2 million litas. The company blamed the poor performance results on rising copper prices, severance payments to employees and a general downturn in the market.
As of September last year, Ekranas' major shareholders included Profilo Sanayi Ve Ticaret (14.9 percent stake), Farimex (13.28), Redoak Investment (12.77) and E.P.I. Electronet Production and Investments (8.09).
IN GERMAN AB Ekranas war ein litauisches Unternehmen, das Bildröhren herstellte. Es wurde 1994 privatisiert und am 18. April als Aktiengesellschaft registriert. Haupttätigkeit war die Herstellung elektronischer Geräte. 2004 erzielte das Unternehmen einen Umsatz von 467 Mio. LTL (im Jahr 2003: 462,274 Mio. LTL Umsatz und einen Gewinn von 35,046 Mio. LTL). Das Unternehmen war an der Börse Vilnius notiert. Am 20. April 2006 eröffnete das Bezirksgericht Panevėžys ein Insolvenzverfahren für AB „Ekranas“ und ernannte als Insolvenzverwalter Laisvutis Virgilijus Survila. Am 25. Mai 2006 änderte der Litauische Appellationshof die Entscheidung von 20. April 2006 und ernannte als Insolvenzverwalter von BAB „Ekranas“ das Unternehmen UAB „Baklis“ (Gintaras Gelčys).
Es hatte den Fußballverein Ekranas Panevėžys.
Einzelnachweise:
"Ekrano" darbininkai nebesieja ateities su gamyklaNUMBER OF EMPLOYEES: 4200
| 1962 | The enterprise was founded. | ||
| 1978 | A colour TV tube was put into production. | ||
| 1993 | An agreement for technical cooperation was reached with the US company TECHNEGLAS. This agreement was renewed for another six years in 2000. | ||
| 1994 | The company became a private enterprise. | ||
| 1995 | The company became a foreign capital enterprise. | ||
| 1999 | The company received the certificate of international quality standard ISO 9001. | ||
| 2000 | The 50-millionth TV tube counting from the very foundation of the enterprise was manufactured. | ||
| 2000 | A technical and license agreement for manufacturing 21” true flat TV tube was made with Japanese company TOSHIBA. | ||
| 2001 | Specialists of the company developed a new fully automatic tube screening line. | ||
| 2001 | In three months, a modern screen glass-melting furnace and screen production machinery were mounted. | ||
| 2002 | A new 21" TF tube was launched into the market. | ||
| 2002 | Quality Management System of the Company was renewed by meeting new requirements of ISO 9001:2000 | ||
| 2003 | AB EKRANAS received the environmental certificate confirming compliance to ISO 14001 standard. | ||
| 2003 | A new product 15TF tube was launched into market. | ||
| 2004 | A new fourth assembly line put into operation. |
For more than 40 years AB (joint stock company) EKRANAS has been
manufacturing products of a highly sophisticated technology: glass
components – (panels and funnels), colour TV tubes and electron gun
systems. It’s the only manufacturer of TV tubes in the Baltic States.
EKRANAS is a privately owned company that became a foreign capital
enterprise in 1995. Presently, foreign investors are holding more than
half of the company shares.Today EKRANAS is an enterprise, which successfully operates in the international markets, exporting 70% of its production to the Western European countries.
Investments reaching up to several millions of litas spent for the
modernization of the production are already paying off. The company is
capable of manufacturing and selling more than 7 million items of high quality colour TV tubes per year. In September 2002, following the trends of the worldwide market of electronics the company began manufacturing a true flat tube model.
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