Trayal

Trayal Corporation (Serbian: Трајал Корпорација, romanized: Trayal Korporacija) is a company manufacturing tires, protective devices and industrial explosives based in Kruševac, Serbia.

Trayal
Native name
Трајал Корпорација
Trayal Corporation
TypeJoint-stock company
IndustryManufacturing
Founded31 January 1955 (1955-01-31) (Current form)
29 June 1889 (1889-06-29) (Founded)
Headquarters
Parunovačka 18 V, Kruševac
,
Serbia
Area served
Worldwide
Key people
Miloš Nenezić (General director)
ProductsTires, explosives, protective wear
RevenueIncrease €41.75 million (2019)
Increase €2.9 million (2019)
Total assetsDecrease €82.70 million (2018)[1]
Total equityIncrease €14.83 million (2018)[1]
OwnerRegistar akcija i udela (33.1%)

PIO Fond (23.1%)
Government of Serbia (14.4%)
Srbijagas (7%)

Akcionarski fond (1.12%)
Number of employees
1,100 (2019)
SubsidiariesTrayal Hem
Detonit (North Macedonia)
Websitetrayal.rs/en/home
Footnotes / references
Business ID: 07144083
Tax ID: 100315020 [2]

History

Trayal Corporation was founded in 1889 in Kruševac as a "Gunpowder Works".[3]

In 2006, the Government of Serbia sold 76.9% of shares of the company to the Bulgarian Brikel (owned by the businessman Hristo Kovachki) for a sum of 12.1 million euros, with the obligation to invest 25.1 million euros.[4] At the time, Trayal Corporation had 3,500 employees in five divisions.[5] However, over the years, most of the production was significantly reduced due to poor management.

In 2011, the American tire manufacturing company Cooper Tire & Rubber Company took automobile tire facilities of Trayal for a sum of 13 million euros.[6][7] The newly established company which has disintegrated from the Trayal Corporation, was named "Cooper Tire & Rubber Company Serbia" d.o.o.[7]

In 2013, the Government of Serbia took over the company's remaining assets, as it accumulated 130 million euros of debt and contract with the Bulgarian company was cancelled.[5] In 2017, Trayal Corporation developed remotely-controlled anti-hail protection system used in agriculture.[8]

As of 2018, "Trayal Corporation" is the largest employer in the city of Kruševac, with exports to the foreign markets.[3]

Market

"Trayal Corporation" exports to the neighbouring Balkan countries, EU countries and the United States.


See also

References
  1. "БИЛАНС СТАЊА (2018) - Trayal Corporation". apr.gov.rs (in Serbian). Retrieved 6 October 2019.
  2. "Основни подаци о привредном друштву". apr.gov.rs (in Serbian). Serbian Business Registers Agency. Retrieved 24 February 2018.
  3. "The history of Trayal Corporation". trayal.rs. Retrieved 23 February 2018.
  4. "Trajal prodat za 12,1 milion evra". b92.net (in Serbian). Beta. 20 November 2006. Retrieved 23 February 2018.
  5. Babović, S. (30 December 2015). "Pola "Trajala" državi". novosti.rs (in Serbian). Retrieved 23 February 2018.
  6. "Američki "Cooper tires" kupio kruševački "Trayal" za 13 mil EUR - Planirano zapošljavanje 700 radnika". ekapija.com (in Serbian). Beta. 8 December 2011. Retrieved 23 February 2018.
  7. "COOPER TIRE ACQUIRES ASSETS OF SERBIAN PLANT". coopertire.com. 8 December 2011. Retrieved 23 February 2018.
  8. Stanković, Rade (29 May 2017). "Protivgradne rakete sa daljinskim upravljanjem". politika.rs (in Serbian). Retrieved 11 April 2019.
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