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Auto brakes factory to set up in Zvolen

GERMAN company Continental Vetech plans to open a car-brake component factory in Zvolen next year, the TASR news agency wrote.

The company expects to create 500 jobs and to invest €60 million in the factory over the next five years, according to the Slovak Economy Ministry.

Slovakia is attractive for Continental Vetech because of low costs and proximity to major European customers, according to the ministry.

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