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Jonckheere plans to invest €3 million In Košice

BELGIAN COMPANY Jonckheere plans to invest some Sk120 million (€3 million) and create 100 industrial welding jobs in Košice.

Jonckheere has decided to go to east Slovakia despite no investment incentives from the government, its general director Paul Schodts told news wire TASR.

The Belgian company has chosen Košice because of its location, good conditions for investment, infrastructure, airport, high unemployment and skilled worker base. The decision came after detailed analyses of Slovakia's regions.

The Centre of the Economic Development (EDC) of US Steel-Kosice has been lobbying for Belgian investment. In cooperation with the Slovak Trade and Investment Development Agency (SARIO), the EDC has already helped to persuade eight foreign investors to come to Slovakia, bringing $60 million and creating 1,000 jobs to Slovakia.

Jonckheere has 280 employees in Belgium. Last year it had total profits of SK109 million (€27 million) and in Košice it forecasts annual profits of €5million.

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

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