BUSINESS IN SHORT

Spanish Elastorsa to build plant near Zvolen

THE SPANISH company Elastorsa is to invest Sk130 million (Ř3.5 million) in a plant for producing semi-finished rubber products in the village of Budča near Zvolen in central Slovakia.

Construction on the plant will begin by the end of 2006. "The company already owns a five-hectare site near a motorway," Budča Mayor František Moravec told the TASR news agency.

According to Moravec, the plant will be environmentally friendly as it will use only natural substances in production. Its products will be used by the car industry, among others.

About 60 people will work at the plant initially, but Elastorsa plans to employ a total of 150 eventually.

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