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IN SHORT BUSINESS

$30 million Belgian investment in Slovakia

THE BELGIAN company Parts & Components plans to invest $30 million (€24.8 million) in a factory in eastern Slovakia that should create up to 200 jobs, the TASR news wire wrote.

Prepared by the Machine Industry Union in association with the state-run investment agency SARIO, the project would be a joint venture with an as yet unnamed Slovak company.

SARIO spokesman Ondrej Zember said a final decision on the project is expected in several weeks or months.

The potential investor, a maker of steel and aluminium products, was established in 1938 as Gebr. Debrez in Roeselare, Belgium, and took on its current name in 2001.

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