CORPORATE BRIEFS

VSŽ-US Steel JV to restart canned tinning project

The joint venture between US Steel Group and VSŽ Košice - VSZ US Steel - will restart the first phase of a delayed project for expanding production capacity. The project was deferred from this January because of VSŽ's financial problems, said US Steel spokesman Thomas Ferrall on October 29.

After completion of the project, the production of tinned sheets used for food packaging at the JV will increase from 140,000 tons to 340,000 tons annually. The project will create almost 1,300 jobs.

Part of the costs of the expansion will be covered from the first capital investment US Steel made at the beginning of last year, while the remainder will be met from the revenues of the joint venture.

VSZ-US Steel was established in early 1998. The US partner invested 2 billion crowns.

Get daily Slovak news directly to your inbox

Top stories

Košice

News digest: Slovakia has passed the peak of the second wave, health minister says

Polish doctors will help take swabs in Slovakia this weekend. People who have had COVID can just show their positive test result.

7 h
Rapid testing in Košice

Nationwide COVID-19 testing – and criticism – starts again

Longer ‘screening’ different to October operation.

13 h
Ján Sýkora is an easy-going ice-hockey player who has got a great sense of humour.

Fashion brands mean nothing to me. Professional hockey player about his life in central Slovakia

In an entertaining interview, the down-to-earth ice hockey player, Ján Sýkora, talks about being a busy bee with a poor memory.

21. jan

Old-age pension scheme gains three new features

Brand new parental bonus raises concerns.

21. jan