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Continental opens new plant in Zvolen

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
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