A BRAKE component factory for Continental Automotive Systems (CAS) of Germany was opened on February 3 after company officials and Slovak representatives signed an investment contract.
The contract, involving an investment of Sk60 billion (€2.2 billion) and 510 new jobs, was approved at the beginning of February by the cabinet. CAS is to receive Sk390 million (€10.3 million) in state aid.
According to Karl-Thomas Neumann, head of the new plant, the city of Zvolen (Banská Bystrica region) is a favored location for existing or envisaged plants. "Our customers - car manufacturers in this region - have already created capacities for the output of 3 million cars a year and are planning to open more plants," he said.
Compiled by Marta Ďurianová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
6. Feb 2006 at 12:51