German company Schaeffler opened a development and testing centre for electromobility and automated driving in Kysucké Nové Mesto in June 2023. (source: Courtesy of Schaeffler)
JANUARY
The cheese producer Syrárne Bel Slovensko’s plant in Michalovce is expanding production. The €4.5 million investment is going towards increasing the production capacity of Mini Babybel cheeses. The plant will subsequently account for a fifth of the global production of this cheese.
Slovak car manufacturers’ production fell by 3 percent to 1 million vehicles in 2022. A lack of chips and other parts troubled car companies even more than in 2021. Compared to the record year of 2019, the industry produced almost 108,000 fewer vehicles.
Billa opened a new logistics centre in Sereď, replacing a smaller warehouse in Senec. According to the German chain, €39.5 million was invested in the complex. Billa has expanded the number of stores in Slovakia, and its sales have been growing for a long time.
FEBRUARY
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Nexplus, the South Korean manufacturer of battery components for electric cars, is preparing a new €5.2 million investment in Šurany to expand its production. The project is expected to create 70 new jobs.
The government approved tax relief of €4.6 million for the electrofoil manufacturer Terichem Tervakoski. The company, which is co-owned by the Finnish firm Rani Plast and the domestic company Chemosvit, will invest €30 million in expanding production in Svit.
