LCD TV plant to create 3,800 jobs in Nitra

THE JAPANESE company Takenaka Europe is set to begin construction on a new plant for assembling LCD television sets at the Nitra-Sever industrial park in Nitra in December.

The company has already submitted a business plan to the Environmental District Office in Nitra, the TASR news wire wrote.

Total costs are projected at Sk1.8 billion (€47.9 million). Production is due to begin in August, 2007. According to the investment plan, the company should employ 3,800 people.

The company plans to build the plant in two phases, extending from a TV production site to a facility for the production of video appliances. Planned production should reach 5 million LCD television sets per year.

Takenaka Europe also participated in the building of the Hyundai/Kia car plant near Žilina. The company's Bratislava branch was set up in March 2000.

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