Czechia. The biggest automotive benefactor in Europe?
Employing over 180,000 people directly in the automotive sector, and as many as half a million others in the supply chain that feeds it, the news this week from the Czech Automotive Industry Association proudly announces that during H1 2023 there was a substantial rise in passenger car production.
Boasting an overall rise of ~20% YoY, the sector saw electric vehicle transactions boost by 12% and the nations biggest auto manufacturer, Škoda Auto witness a 32% jump. Although the economy overall in Czechia (also still know as the Czech Republic) saw some downfalls in other areas of manufacturing and mining, this production scale up contributed significantly to the almost CZK 40 billion GDP surplus increase seen in the last year.
Feeding this behemoth and supplying directly to not only Czech based, but also European and Global well-known brands, is injection molding market-leader ADIS Tachov s.r.o. Sitting within the west of Czechia, within very close proximity to the German border, ADIS combines the intricacy and attention to detail that is so revered in international brands, with the ingenuity and adaptability that you would ordinarily expect from smaller companies.
As company co-owner, Jeremy Svoboda stated on the announcement that “following the downturn effect of the pandemic, the highly-publicized chip shortages and an energy crisis that seem to dominate the headlines daily, this ray of good news in our sector is extremely welcome. The hard work and dedication of the team in ADIS, and wider, our whole ADIS AUTOMOTIVE GROUP feels all the more worthwhile when we see such numbers and how our work, in part, plays into the success of the wider economy”.
