Spectator on facebook

Spectator on facebook

CORPORATE BRIEFS

Slovak jet engine maker inks deal with Rolls-Royce

British aeronautics and automotive firm Rolls-Royce signed a letter of intent on October 8 with Slovak engineering firm Považské Strojárne Letecké Motory, in which the signatories committed themselves exclusivity in the development of the DV-2S aircraft engine. The two companies plan to sign a definitive contract in early 2000, stated Paul M. Kaye, Rolls-Royce's director for central Europe on October 13.

Kaye says that PSLM and Rolls-Royce also agreed to investing jointly in the certification process for the engine, which would bear the Rolls Royce brand name "for commercial reasons."

Považské Strojárne is negotiating various projects with foreign partners, such as jet engine supplies for the Czech company Aero Vodochody, Indian partner Hindustan Aeronautics Limited, the Chinese K8 training jet as well as the French firm Snecma Control Systems. The production capacity of the Slovak firm is 50 engines annually, but its representatives say this can be increased when necessary.

At the moment, Považské Strojárne employs 420 people, and another 50 are in design.

Top stories

Wooden toothbrushes prompt small-scale industrial revival in Bratislava Photo

To begin with, young enthusiast Roman Kovács just wanted to change his local environment for the better, and to help people.

Roman Kovács wants to renew production of wooden toothbrushes in Bratislava.

Blog: HR Marketing: Not everybody can be Google!

It is important to know who your target audience is and the position you aspire to achieve as an employer on the market.

Illustrative stock photo

The idea of Slovakia

What does this country stand for? Slovaks could – and should – shout a little louder about what they have achieved, and where they want to go.

D1 highway, illutsrative stock photo

Amazon chose Slovakia for its top returns centre Photo

The online retainer lures its future workers by wages and benefits.