Revoz

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Revoz d.d.
Type Subsidiary
Industry Automotive
Founded June 1988 (June 1988)
Headquarters Novo Mesto, Slovenia[1]
Key people Ales Bratoz
(CEO)
Production output Decrease 131,000 (2012)[2]
Revenue Decrease €911 million (2012)[2]
Profit Decrease €12.8 million (2012)[2]
Total assets Decrease €383.2 million (end 2011)[3]
Total equity Increase €221.16 million (end 2011)[3]
Employees 2,000 (end 2012)[2]
Parent Renault
Website www.revoz.si

Revoz is a manufacturing subsidiary of Renault in Slovenia. It is the only automaker in the country and one of its largest exporters.[4] The company was established in June 1988 as a joint venture between Renault and Industrija motornih vozil. Today, it is fully owned by Renault.[5]

History

1959−1988

Main article: Industrija motornih vozil

In the mid-50s a Slovenian company called Agroservis partnered with Auto Union, building a factory to produce DKW models called Moto Montaža. In 1959, it was renamed Industrija motornih vozil (Industry of Motor Vehicles) or IMV. From 1963 to 1972 it assembled British Motor Corporation's Austins, but in 1973 it signed a partnership agreement with Renault, building Renaults 4 (mainly), 12, 16 and 18.[6] The company manufactured 26,000−49,000 cars per year between 1977 and 1990, but a series of bad inversion judgements left it on the verge of bankruptcy.[7]

1988−present

In 1988, Renault (as minority holder) and IMV formed a joint venture and created Revoz. Since the early 1990s it became one of the largest exporters (more than 5% of total country's exports) and employers (with more than 2000 workers) of Slovenia.[5] The company started to manufacture the Renault 5 alongside the 4 (Revoz was the last plant where these cars were built).[6] In 1991, Renault became the major company's shareholder, with a 54% stake.[5] According to the Organisation for Economic Co-operation and Development the key reason behind Renault's inversion was to have a factory for supplying the big Yugoslavia's domestic market, although that country's dissolution made it to transform Revoz into an export-oriented company.[8] Since 1993, the company assembled the Clio.[6] Revoz managed the Serbian operations until a Renault subsidiary was created.

In December 2001, Renault increased its ownership to 66,68%.[9] In 2002, Revoz's commercial branch was split to form the subsidiary Renault Nissan Slovenia d.o.o, in charge of sales.[6] In 2004, Revoz became a wholly owned subsidiary of Renault.[5]

Impact of the European crisis

In early 2012, with European markets' demand declining, the company had to suspend its night shift and personnel.[1] Revoz also negotiated with the trade unions shorter work shifts. In January 2013, the production returned to normal levels. The company will manufacture new Renault and Daimler models to improve the production output.[10]

Novo Mesto factory

The Revoz factory is located in Novo Mesto, covering 584,000 square meters. Since April 2007 produces the Twingo[4] and, since 2010, the Wind. It has a Sheet Metal Shaping Department (pres shop), a Paint Shop Department and an Assembly Shop.[11] In 2010 the production output was of 212,680 cars.


References

  1. ↑ 1.0 1.1 Cerni, Boris (15 March 2012). "Slovenia’s Renault Unit Will Reduce Shifts as Orders Decline". businessweek.com. BusinessWeek. Retrieved 7 October 2012. 
  2. ↑ 2.0 2.1 2.2 2.3 "Revoz Sales Down 19% in 2012". sloveniatimes.com. The Slovenia Times. 27 February 2013. Retrieved 8 May 2013. 
  3. ↑ 3.0 3.1 "Poslovanje" [Operations] (in Slovenian). Revoz. Retrieved 9 May 2013. 
  4. ↑ 4.0 4.1 Dijkman, D. (2007). Europe Real Estate Yearbook 2007. Real Estate Publishers BV. p. 489. ISBN 9-077-99711-3. 
  5. ↑ 5.0 5.1 5.2 5.3 Borrás, Susana; Tsagdis, Dimitrios (2008). Cluster Policies in Europe: Firms, Institutions and Governance. Edward Elgar Publishing. p. 150. ISBN 1-845-42758-0. 
  6. ↑ 6.0 6.1 6.2 6.3 "History". Revoz. Retrieved 6 October 2012. 
  7. ↑ Palairet, Michael (1994). "The Rise and Fall of Yugoslav Socialism". In Good, David F. Economics transformations in East and Central Europe: legacies from the past and policies for the future. Contemporary Economic History of Europe. Routledge. p. 106. ISBN 0-415-11266-4. 
  8. ↑ "Foreign Direct Investment Trends and Prospects". OECD Investment Policy Reviews: Slovenia. OECD Investments Policy Reviews, Organisation for Economic Co-operation and Development 1. OECD Publications. 2002. pp. 24−25. ISBN 92-64-19697-8. 
  9. ↑ Mihaescu, Olga; Rialp, Alex; Rialp, Josep (2005). "Las relaciones de España con los NEM" [Spain's relationships with NEMs]. La internacionalización de la empresa española en los nuevos estados miembros de la UE: Guía práctica [The internationalisation of Spanish companies in the new UE member states: Handbook]. Documents d'Economia Industrial (in Spanish) 24. Universitat Autònoma de Barcelona. p. 97. ISBN 84-933208-5-4. 
  10. ↑ "Production re-launched at Revoz". sloveniatimes.com. The Slovenia Times. 14 January 2013. Retrieved 30 January 2013. 
  11. ↑ "Production Process". Revoz. Retrieved 6 October 2012. 

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