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US manufacturer deciding where to build new central European plant

Kennametal Inc., the US manufacturer of industrial machines, is currently choosing a site for its new plant in central Europe. Investment hopefuls are Slovakia, the Czech Republic, Poland and Hungary, wrote the SITA news wire.

During the next three or four years the company wants to invest EUR10 to15 million in a new production plant. This figure may later rise to as much as EUR 50 million, according to the Warsaw Business Journal.

Ondrej Žember , spokesman for the Slovak Investment and Trade Development Agency (SARIO), told the SITA news agency that Kennametal had not yet registered any interest.

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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