Well Mike,
We are trying to discover what has happened with Czech glass industry in 90ties and the explanation or solution of this issue is not unambiguous and easy.
In 1990/91 all Czechoslovakian industry previously fully owned by state was subject of restitution and privatization. Huge concern of Crystalex was divided into several corporations, same has happened with Sklo Union and other factories. Restituted it means given back to former owners was only glasswork in Skrdlovice - Beranek glassworks you have remembered. Privatized was also trade organization Glassexport.
The privatization was made by so called "coupon method", each adult Czechoslovakian citizen had got exact amount of coupons that he could exchange for shares in any corporation just according his wish. This environment was exploited by several groups of financiers who founded many investment funds, bought shares from individuals and got corporations under their control.
It has to be remembered that these people were financiers (mostly with communistic or secret police past) not managers or experts for glass industry.
Their aim was not to produce glass but money and as soon as possible. With many legal or not legal tricks that management led out the money from corporations to their private companies or accounts. It has happened to Glassexport, so very fast glass producers had lost their markets abroad, the trade contacts and links were broken. Because of collapse of Soviet Union also our glass producers simultaneously lost their big customer who had bought almost all production in past.
Former state organizations like Crystalex owned not only the glass factories but also many other properties like recreational centers in mountains or hotels in attractive locations, plots and land. The value of such properties was sometimes bigger than value of glass-shop; we must not forget that aim was to get money asap, not to establish long term profitable glass production.
Because glass producing was very traditional and profitable in past, it was not difficult to get bank credits. Borrowed money was not invested to glass production but again, tricky led out from privatized corporations to private accounts of management.
Later, when nothing to steal more persists, the insolvency and bankruptcy was was declared.
So it was not incompetence of management but they had rather another business plan how to get money for themselves. This plan did not consider to produce good glass.
Jindrich
www.webareal.cz/ceskoslovenskesklo