2008-Jul-25 - Transformed by deferred gratification
The headquarters of the BEZ Group, a transformer maker, could usemore than a lick of paint. The executive parking lot is a patchworkof cracked asphalt, while the main office building, a stodgycommunist low-rise on the outskirts of the Slovak capital,advertises space for rent. Inside, the furniture and fittings dateback to the 1970s.
Not what you might expect from a fast-growing, export-based companythat saw sales jump 55 per cent last year to almost ??7m. But forJuraj Smatlik, the chairman, modesty is a cardinal corporatevirtue.
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