Austrian company chooses Vráble

AUSTRIAN company Miba Friction Group plans to invest up to €20 million and create 150 new jobs in Vráble, western Slovakia.

Miba will manufacture clutch and brake components for trucks and heavy-duty vehicles.

Alfred Hortenhuber, director of Miba said that construction of the new 12,000 square-metre plant will start in December and is set to be finished by the end of 2005.

"The plant should be running at full capacity by late 2006," said Hortenhuber.

After it launches operations in Vráble, it will shut down its production plant in the UK.

"We have an old plant in England and we are closing it due to construction and technical problems," said Hortenhuber.

The firm chose Slovakia because of its good infrastructure, favourable labour market terms, and tax policy.

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

Get daily Slovak news directly to your inbox

Top stories

PM Igor Matovič (front) and Economy Minister Richard Sulík (back)

Hlas is gaining strength, along with Sulík’s SaS

At the same time, most people think PM Matovič is not managing the coronavirus crisis well.

2 h
US President Joe Biden

Biden really is waking up each morning with the goal of making things better

The new president is old and imperfect, but it's difficult to question his motives.

16 h

Old-age pension scheme gains three new features

Brand new parental bonus raises concerns.

21. jan
First Pfizer/BioNTech vaccine to be administered in Slovakia.

Vaccine hesitancy down, but still above EU average

Survey shows less than half of Slovaks believe vaccination is the only way to end the pandemic.

22. jan