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Korado-Bulgaria AD

Summary

Company ID (NIN)

814190902

Company owner / manager

  • Korado a.s.
  • Other

Country

Bulgaria

Capital

13,169,000

Total assets

29,542,000

Net profit for the period

4,591,000

Report year

2020

Currency

BGN

Industry

Machinery/Engineering

Southeastern Europe Company Index (SEECI)

What is SEECI?

General information

About Korado-Bulgaria AD

Korado-Bulgaria AD is a Bulgarian producer of steel panel radiators, towel rail radiators, design radiators and convectors, a subsidiary of Czech heating equipment producer Korado a.s.

The company holds an ISO 9001:2015 Quality management systems certificate, valid until May 31, 2024.

Last updated on Nov 8, 2021.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
Jan. 1, 1968
NIN
814190902
Tickers
KBG
Stock Exchange
Bulgarian Stock Exchange
ISIN
BG11LUSTAT13
Profile last updated
Nov. 8, 2021, 11:12 a.m.
Alternative names

    Korado-Bulgaria JSC

History

    1968 - A steel panel radiators factory is established in Strazhitsa, northeastern Bulgaria. The factory is part of the State Economic Association Metalurgia (Metallurgy).

    Apr 27, 1989 - The factory transforms into a state-owned company and named DF Lach.

    June 4, 1992 - DF Lach restructures into a joint stock company.

    1997 - A total 67% in Lach AD is privatised via mass privatisation.

    Dec 15, 1997 - Bulgaria's Privatisation Agency sells 26% in Lach AD to Czech radiators manufacturer Korado a.s. for USD 675,000.

    Dec 16, 1997 - The company lists on the Bulgarian Stock Exchange.

    1998 - Korado a.s. raises its stake in Lach AD to 84.8% and changes its name to Korado-Bulgaria AD.

    Last updated on Nov 8, 2021.

Management

Board of Directors and Executives
Silvia Drumeva Stefanova
Deputy-Chairman of the Board
Irji Reznicek
Chairman of the Board and CEO
Supervisory Board
Tomas Kollert
Chairman of the Board
Eva Voborova
Member of the Board
Ivan Asenov Lyaskov
Member of the Board
Evelina Miltenova Velikova
Member of the Board

Contacts

Address
28, Gladstone Str.
5150
Strazhitsa, Bulgaria
Telephones

+359 6161 42 45
+359 6161 25 91

Fax

+359 6161 42 42

Emails

info@korado.bg
koradobg@abv.bg

Websites
www.korado.bg

Ownership

Name Direct holding Indirect holding Owner type Country
Korado a.s. 82.15 Company Czech Republic
Other 17.85 Other

Subsidiaries and affiliates

Name Direct holding Indirect holding Country

Products and services

Korado-Bulgaria AD produces:

  • steel panel radiators;
  • towel rail radiators;
  • convectors;
  • design radiators.

 

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