CORPORATE BRIEFS

Slovakia Electronics Industries plant on line in Piešťany

A factory owned by Slovakia Electronics Industries (SEI) was launched in the western Slovak town of Piešťany on September 17. The plant will manufacture standard logical and analog integrated circuits and discrete components. The first phase of the project will be completed by the year 2005, absorbing a $90 million investment and providing 1500 jobs.

SEI is part of ON Semiconductor, a multinational company that took over the semiconductor production sector from Motorola Inc., which began the development project in Piešťany. ON Semiconductor is headquartered in Phoenix, Arizona, and employs 14,000 people worldwide. Its global market share in analog, discrete and logical components is 8.7%.

Motorola signed a purchase contract for the production facilities of the bankrupted Tesla Piešťany in September 1998, after failed negotiations on a joint venture back in 1993.

After achieving a full production capacity, the new plant in Piešťany is expected to put out $60 million worth of goods annually and export most of its production.

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