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Slovak steel company launches new operation in Romania

KOVOSTROJ SRL, a daughter company of Kovostroj Dobšina, Slovakia's biggest producer of galvanised strips and thin-steel profiles used in plastic-frame windows, has begun operating in Romania. Strip, the company that owns Kovostroj, has so far invested some Sk8 million (€214,000) in its new production facilities in the Balkans, creating the first 10 new jobs.

"Until now, we've been exporting profiles to Romania. Now we are going to produce them there," chairman of the Kovostroj Board Darko Karlovsky told the TASR news wire on January 17.

The company's exports to Romania have until now represented 18 percent of its total exports, the second largest after the Czech Republic, which accounts for one quarter of Kovostroj's exports.

According to Karlovsky, the company wants to become the leader on the central-European market in this field, which is why it is continually investing in new engineering facilities.

Kovostroj originally belonged to the group of firms linked to VSZ Košice. Košice-based company Strip became its new owner in 2003. Around 140 people are currently working in its plant in Dobsina (Košice region), with an additional one hundred people working on a seasonal basis.

Compiled by Beata Balogová from press reports
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