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More auto makers interested in Slovakia

The British Rover and South Korean Hyundai auto makers are reported to be considering factory investments in Slovakia following the decision of France's Peugeot to build a 700 million euro factory near Trnava.

Rover, which is now in talks with Poland over a possible factory near Warsaw, says it may decide to come to Slovakia instead with a $250 million investment if its Polish deal does not come through by February 14.

South Korean parliamentary speaker Park Kwan-Jong has already contacted Slovak President Rudolf Schuster regarding Hyundai's interest in building a factory in central Europe, drawing an invitation to visit Slovakia and examine possible sites.

Following the Peugeot decision in mid-January 2003, Slovakia is set to move into the top-five auto exporters per capita worldwide once the factory comes on line in 2006.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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