IN SHORT

Investment bound for Trenčín

GERMAN company Flott plans to build a new factory, service centre and retail centre in Bánovce nad Bebravou near Trenčín this year, the TASR news agency reported.

Flott produces drills, grinding machines and similar machines. The new facility will serve Central and Eastern Europe.

According to Bánovce's mayor Ján Turčan, this is not the town's only prospective foreign investment. Austrian milk-processing company Milsy and a German producer of car lights, Hella, also plan to expand their existing operations. They will employ 150 to 250 people in total.

Approximately 50 welders will soon start working for the Fritzmayer company, which produces spare parts for forklift trucks.

Talks with other possible investors from the Czech Republic, Germany and South Korea will take place in April. Turčan expects that by the beginning of 2006 around 500 new jobs will have been created.

An industrial park will also be built in Bánovce's neighbouring municipality of Horné Nastice.

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