Maxe Aichera buys foundering Pilsen Steel

"It survived Sovien bloc socialism but it didn't survive Russian capitalism." That's how the server idnes.cz welcomed the news that the company Pilsen Steel had been taken over by one of Europe's largest steel groups, Maxe Aichera. Pilsen Steel was acquired 20 years ago by the Russian group OMZ only to be sold in 2010 to the Russian businessman Igor Samis. By 2014, the company reorganized under court supervision after being declared insolvent. Maxe Aichera offered the highest price for the company in a tender. The new owner says it will take time to figure out exactly how to use the factory. "It's too early, we have to consider and calculate everything, but what is certain is that we don't want to renew 100 percent production…But it's definitely not the goal or the standard of our company to buy something just to sell it on again," said the executive director of Max Aicher Pilsen Lukáš Kučera.