The Regional Court in Brno declared wood processor Dyas, which employs 280 people, bankrupt on January 29, CTK learnt from the Justice Ministry's website. The bankruptcy petition was filed by consulting company Inventio Consulting, which, according to CTK files, registers a Kc3m claim on Dyas. Later on Komercni banka with its Kc100m claim joined in. Dyas is controlled by a group around restructuring firm Prospective Solution. Its spokeswoman Eva Kijonkova told CTK that Dyas got into financial difficulties in the spring of last year. The firm's owners did not have funds for the purchase of wood and for the company's operation and sold the firm to Prospective Solution. Even though the new owners secured enough raw materials and launched production at 60 per cent of capacity last October, they failed to push through the proposed revitalisation project in talks with Komercni banka, Kijonkova said. "The bank required the standing loans to be repaid immediately and froze the company's accounts," she added. According to the Justice Ministry's website, Dyas has a Kc216.5m share capital. In 2000 the firm made a Kc20.5m net profit, Kc2m lower yr/yr, while sales increased from Kc342.8m in 1999 to Kc369.1m in 2000. Dyas management did not publish the company's performance for 2001 and 2002.