FRENCH steel processing firm Arcelor will be the first foreign investor to come to the Euro Valley industrial park in the Zahorie region near Bratislava.
Arcelor will start building its 30,000 square metre plant in March next year, the Slovak economic daily Hospodárske noviny wrote.
Arcelor's planned investment is €15 million and it expects to employ 100 people in the initial stage of the project. Another 200 jobs should be created in firms connected to Arcelor's plan. The company wants to process 180,000 tonnes of steel.
The company expects that 30 percent of the production will be placed on the Slovak market and the rest will be exported. In the coming three years Arcelor wants to double its production.
Arcelor's customers include automotive firms and producers of white technology, said the company's vice-president, Claude Charret.
Compiled by Martina Pisárová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
16. Feb 2004 at 10:00