IN SHORT

Industrial Cables begins building plant in Nitra

ICS Industrial Cables Slovakia, a subsidiary of Austrian engineering group SKB, has begun the construction of a new plant at the Nitra-Sever (Nitra-North) industrial park. The plant will produce special cables and conductors.

A test production run is due to begin at the end of this year. According to the investment plan, the plant should process 2,000 tonnes of copper and 1,700 tonnes of plastics, along with 30,000 kilometres of cables and conductors per year by 2010, TASR wrote.

ICS will invest Sk370 million (€9.7 million) in its new plant, while its building costs should be Sk80 million.

The plant will cover an area of 6,000 square metres in the first phase, although this area may eventually double.

After beginning full production, the company plans to employ 60 people, with plans to increase this number by a further 30.

Get daily Slovak news directly to your inbox

Top stories

PM Igor Matovič (front) and Economy Minister Richard Sulík (back)

Hlas is gaining strength, along with Sulík’s SaS

At the same time, most people think PM Matovič is not managing the coronavirus crisis well.

2 h
US President Joe Biden

Biden really is waking up each morning with the goal of making things better

The new president is old and imperfect, but it's difficult to question his motives.

16 h

Old-age pension scheme gains three new features

Brand new parental bonus raises concerns.

21. jan
First Pfizer/BioNTech vaccine to be administered in Slovakia.

Vaccine hesitancy down, but still above EU average

Survey shows less than half of Slovaks believe vaccination is the only way to end the pandemic.

22. jan