Industry

Development and investment in Slovak industry

Lowa’s retreat from Handlová, following so closely on the heels of Ecco’s exit from Martin, has sharpened fears about the competitiveness of Slovakia’s manufacturing sector and the government's ability to keep international investors onside.
Ecco in Martin, central Slovakia

Danish shoemaker to shut Slovak factory, axing 650 jobs in fresh blow to struggling region

Ecco’s closure marks end of an era and renews questions over Slovakia’s economic stability under Fico.

The U.S. Steel factory building in Košice

Košice steelworks sinks deeper into the red

Despite fading revenues and market instability, U. S. Steel Košice places hope in potential investment from Japan’s Nippon Steel.

Volkswagen Slovakia production line.

Trump’s tariff plans pose threat to Slovakia’s car industry

The sector could be severely impacted if Trump extends tariffs to Europe, reports a US news website.

Leapmotor B10.

Slovakia in the running as French-Chinese carmaker shifts SUV production plans

Poland dropped from Leapmotor B10 production plans, writes Reuters.

Illustrative stock photo

Funding the net zero transition

Elizabeth Curmi shares her insights on decarbonizing hard-to-abate sectors such as steel, cement, aluminum, shipping, and aviation.

Elizabeth Curmi
A public meeting on the planned investment in Šurany in early September.

Plan to build major battery factory in Šurany encounters growing resistance

Locals have organised a petition and are asking Prime Minister Fico to stop the project. At a September meeting, they shouted down investors' representatives.

Slovak food group I.D.C. Holding has announced its sale to Ireland’s Valeo Foods Group.

Slovak snack giant sells to Ireland’s Valeo Foods

I.D.C. Holding produces legendary wafers such as Kávenky and Horalka.

The mining museum also featured a former miners' changing room.

One tourist spot fewer: Upper Nitra's unique mining museum closes after 21 years

A glimpse into miners' lives is lost as water hazards force closure. But hope remains for a new museum in Handlová.

The Itimex firm, whose major customers have included famous brands, police forces and the army, has decided to turn to courts and requested bankruptcy proceedings.
Volvo plant in Košice.

How the works on the Volvo plant continue

European Commission recently approved state incentives for the carmaker.

Marián Šimoňák

DYNAMIK HOLDING: Towards sustainable construction

Minimizing the negative impact of the industry on the environment.

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The assembly of new Kia vehicles took place in the production hall of Kia Slovakia in Teplička nad Váhom near Žilina on Tuesday, January 9, 2024.

Slovakia, facing labour shortages, is to allow more visas for foreign workers

Government approves proposal aims to amend the process for admitting people.

Artur Gevorkyan

Armenian entrepreneur builds global giant in central Slovakia

Gevorkyan shows why a family atmosphere and strict recruitment criteria matter.

U.S. Steel Košice.

Japanese firm acquires U.S. Steel for almost $15 billion

The Košice steelworks, owned by U.S. Steel, has been underfinanced for years.

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U.S Steel Košice plans to replace its blast furnaces with more environmentally-friendly facilities.

Slovak industry faces the decarbonisation challenge

Biggest challenge since the transition to a market economy, says expert.

U.S. Steel Košice will increase salaries of its employees as of June 2023.

Another U.S. Steel Košice strike alert over, workers will earn more

A new collective agreement being drafted by the trade union.

Production of iron in USSK

US Steel Košice welcomes €300 million from Recovery Plan, but needs more

Its decarbonisation plan based on installation of electric arc furnaces has a price tag exceeding €1 billion.

A miner walks to work in the Upper Nitra region.

Brown coal region halts mining, but funds for transformation are delayed

The first projects should have been launched last year.

Toblerone chocolate will be produced also in Slovakia.

Toblerone to drop Matterhorn as production partially moves to Bratislava

The Bratislava factory has advantageous location.

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