BADINOTTI, one of the largest producers of nets for industry and sports, is halting production in Italy and moving to the eastern Slovak town of Rožňava in order to strengthen its competitiveness against Asian producers.
“We have chosen Slovakia for logistical reasons and because of its strategic location. Labour costs, a favourable business environment, and the flat tax were also important," explained Paolo Tizzoni, managing director of Badinotti Slovakia.
The company has bought an abandoned machinery factory formerly owned by Agrozet and has started trial operations. It will invest more than Sk150 million into reconstruction and production and will employ 40 people in the first phase with a further 100 to 150 to be engaged by the end of next year, the Hospodárske noviny daily wrote.