KORAMEX a.s. was founded by transformation from the former AGROSTAV Sušice, a.s. in 1991. From 1959 AGROSTAV was active in the field of technical modification of land and drainage. After 1989, however, such works were no longer subject to state subsidies and since the company did not manage to change its focus towards other types of production, it was at risk of becoming bankrupt in 1994. At that time, the company changed its ownership structure as well as the statutory bodies and the management. It took three years to successfully overcome the problems that the company had and to find a new production programme.
In 1994 the company changed its name to KORAMEX a.s.