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BUSINESS BRIEFS

Žarnovica gets new plant

TUBEX Slovakia, the construction of which began at the turn of 2005 and 2006 near Žarnovica, is the fourth aluminium processing plant in Slovakia involving the Austrian Group of German international concern CAG.

According to Dušan Greger, mayor of Žarnovica, this will be the biggest aluminium factory producing pipes in Central Europe. The investment is worth Sk100 million (€2.7 million).

Test runs should start this year, and annual production should eventually reach 240 million ready-to-use pipes, the TASR news agency wrote.

Tubex Slovakia will employ 167 people.

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