The company was formed by merging projection-construction components and supplier-engineering organization. The design component was found in Teplice in 1945 and served mostly for the needs of mines. This design office projected all the spreaders and bucket-wheel excavators working in the brown coal mining districts in the Czech Republic, the largest bucket wheel excavator deployed in the Czech Republic and a number of landfill machines, belt conveyors and other supplementary equipment for surface coal mines and thermal power plants of ČEZ, a.s.
Since its establishment until March 2002, the company was owned by joint stock company Vítkovice, which at its General Meeting in March 2002 approved sale of majority of shares to Severočeské doly, a.s., Chomutov and Sokolovská uhelná, a.s., Sokolov. In connection with this change of company owners, the company also changed its name from VÍTKOVICE – PRODECO, a.s. to PRODECO, a.s. in August 2002. On 26th September 2008, the company PRODECO, a.s. changed its ownership structure. The company Sokolovská uhelná, a legal successor, transferred its portion of the shares corresponding to 49.5% of the company PRODECO, a.s. shares, onto the other shareholder, the company Severočeské doly, a.s., which thereby became the sole shareholder.
On 1st July 2013 a national merger with SD - 1.strojírenská, a.s. was completed. Due to this merger PRODECO, a.s., gained top production capacities, thanks to which it may provide its customers with more comprehensive services.
PRODECO, a.s. has designed, supplied and put into operation more than 30 different types of bucket wheel excavators, bucket excavators and spreaders in the total number of more than 140 pieces. Over the years, giant machines and equipment for open pit mining have been shipped to customers not only in the Czech Republic but also those interested in Russia, Ukraine, Kazakhstan, Yugoslavia, Macedonia, Poland, Bulgaria and Greece. Employees of the company have designed and delivered a number of unique devices, which are among the world's best and are protected by numerous patents. These include walking undercarriages for spreaders, giant machines weighing up to 6,200 tons, carousel conveyors etc. The company has designed, drawn and put into operation belt conveyors in widths from 400 mm to 2400 mm belt width.