Spectator on facebook

Spectator on facebook

BUSINESS SHORTS

Slovakia beats China for Sperian factory

AT A TIME when major manufacturing operations are moving from Europe to Asia, the French company Sperian is moving to Slovakia from China, the Hospodárske Noviny economic daily wrote on September 25.

Sperian's new plant, which will produce materials for protective goggles, will be in Partizánske in the Trenčín Region. Sperian already operates a production unit in Partizánske, but it has only used imported materials for its manufacturing so far.

The French company was forced to leave China and its cheap labour due to the low quality of production and complications with transportation and logistics.

The reversed flow of capital has surprised economists, who say it's an exception that proves the rule.

"Such cases can happen from time to time," analyst Robert Prega of Tatra Banka told the daily. "This is because many companies in China are still struggling not only with the question of quality, but also with meeting ecological standards, occupational safety rules and other requirements."

So far Slovakia has been losing the fight for investments with China. For example, American luggage producer Samsonite moved from the eastern Slovak town of Šamorín to China.

Analyst Mário Blaščák of Allianz-Slovenská DSS said the trend doesn't have to last, and there might be problems with producing more technically-demanding products in China.

"The case of Sperian shows that Slovakia is able to compete with China, not only from the viewpoint of wages, but it also has the highest labour productivity in the region and it is able to manufacture at the high-quality level," Blaščák said.

Top stories

The normalisation of our relations has grown

Most people want the EU to exist in the future – we just have to mobilise this majority and not take things for granted, says Austrian Ambassador to Slovakia Helfried Carl in an interview with The Slovak Spectator.

Austrian Ambassador Helfried Carl

Fico for better fish fingers

It’s true that in the past four months, Mr Fico has been comparatively less busy than his Visegrad Group partners.

Austrian fish fingers angered PM Fico.

12 places where you can see the works of one of the best medieval wood carvers Photo

The works of the renowned Master Paul are not limited just to Levoča.

St Geirge Curch in Spišská Sobota

Ukrainian caught beauty of Nitra in video Video

The city under Zobor is beautiful also from a bird’s perspective.