Court declares significant manufacturer Motorpal unable to meet debts

10-02-2016

Brno regional court has declared the Jihlava-based diesel engine and auto parts producer Motorpal unable to meet its debts. The company is a player on world markets and employs around 1,300 in Jihlava and more at other plants in the Czech Republic. It is a world player on the market for fuel injection systems for diesel engines. A restructuring plan, which was reported to have the backing of most of the banks and companies owed money, was not accepted by the court. Motorpal is reported to owe around 800 million crowns. It’s annual turnover in 2014 was around 1.3 billion crowns.