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Visteon confirms €40-50 million investment in Nitra

GERMAN automotive supplier Visteon will set up a €40-50 million (Sk1.6-2bn) plant near Nitra, western Slovakia, creating around 400 jobs.

Slovak Economy Minister Pavol Rusko and Visteon production vice-president Karl Krause confirmed the investment at a press conference in Bratislava on October 13, the TASR news agency reported.

Visteon will supply internal accessories and air-conditioning systems to Kia Motors and PSA Peugeot Citroën, which are due to open major plants in Slovakia in 2006.

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

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