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Plastipak to invest Sk2 billion

US-BASED Plastipak Packaging is poised to sign a contract with the Kechnec municipality in Eastern Slovakia that doubles its initial investment. The firm wants to build a plant at Kechnec’s industrial park.

The SITA news agency has reported that Plastipak increased its planned investment from Sk350 million (€8.7 million) to Sk2 billion (€50 million). Plastipak’s investment could grow to €80.5 million in one or two years' time.

Kechnec Mayor Jozef Konkoly said that Plastipak would sign a contract purchasing 10 hectares of land on October 6.

Instead of hiring 69 new employees, Plastipak intends to hire up to 300. Including the company’s larger supplier network, up to 600 jobs will be created.

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

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