Trayal
Serbian manufacturing company
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Trayal Corporation (Serbian: Трајал Корпорација, romanized: Trayal Korporacija) is a company manufacturing tires, protective devices and industrial explosives.
Trayal Corporation
29 June 1889 (Founded)
 | |
Native name | Трајал Корпорација Trayal Corporation |
|---|---|
| Company type | Joint-stock company |
| Industry | Manufacturing |
| Founded | 31 January 1955 (Current form) 29 June 1889 (Founded) |
| Headquarters | Parunovačka 18 V, Kruševac , Serbia |
Area served | Worldwide |
Key people | Miloš Nenezić (General director) |
| Products | Tires, explosives, protective wear |
| Revenue |  €41.75 million (2019) |
| €2.9 million (2019) | |
| Total assets |  €82.70 million (2018)[1] |
| Total equity | €14.83 million (2018)[1] |
| Owner | Individual shares (33.1%) Pension Insurance Fund (23.1%) Others (1.1%) |
Number of employees | 1,100 (2019) |
| Subsidiaries | Trayal Hem Detonit (North Macedonia) |
| Website | trayal |
| 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 acquired automobile tire division of Trayal for 13 million euros.[6][7] The newly established company which has seceded from the Trayal Corporatio 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.[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]