South Korean firm Samsung Electronics is to expand its TV screen-making unit in Galanta (Trnava region) and to build a second factory to produce digital technology, Economy Minister Pavol Rusko said.
Emerging from the talks with a senior representative of the South Korean firm, Rusko told reporters Samsung would invest some Sk1 billion (€24.9 million) and create 900 new jobs, the TASR news wire wrote.
Four other component suppliers are also expected to invest some Sk500-550 million (€12.34-13.57 million) in Galanta and employ around 1,000 workers in total.
According to the firm's representative, Samsung is also considering creating a logistics and distribution centre in Galanta for central and eastern Europe, expected to cost a further Sk350 million (€8.63 million) and create 200 jobs.
Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
26. Mar 2004 at 9:55