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.
17. Jul 2006 at 0:00 | From press reports