Spectator on facebook

Spectator on facebook

Penta sells ZSNP Foundry to Spanish Fagor Ederlan

SLOVAK PRIVATE equity group Penta Investments has sold its 100 percent stake in ZSNP Foundry of Central Slovakia's Žiar nad Hronom to the Spanish Fagor Ederlan Taldea company.

Penta is the majority owner of the aluminium maker ZSNP, the parent company of ZSNP Foundry.

According to Penta representatives, Fagor Ederlan intends to invest €20 million (Sk754 million) in the foundry in the next two years, and to achieve a turnover of €22 million (Sk830 million) in 2008.

ZSNP Foundry specializes in the production and processing of aluminium parts for the automotive industry. Its main clients include Volkswagen and the Czech Škoda. It has 170 employees.


Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

In praise of concrete

It was once notorious for its drab tower blocks and urban crime, but Petržalka now epitomises modern Slovakia.

Petržalka is the epitome of communist-era architecture.

Slow down, fashion

Most people are unaware that buying too many clothes too harms the environment.

In shallow waters, experts are expendable

Mihál says that it is Sulík, the man whom his political opponents mocked for having a calculator for a brain, who “is pulling the party out of liberal waters and towards somewhere completely different”.

Richard Sulík is a man of slang.

Blog: Exploring 20th century military sites in Bratislava

It seems to be the fate of military sites and objects in Bratislava that none of them were ever used for the purposes they were built for - cavernas from WWI, bunkers from WWII, nuclear shelters or the anti-aircraft…

One nuclear shelter with a capacity for several hundred people now serves as a music club with suitable name Subclub (formerly U-club).