Spectator on facebook

Spectator on facebook

IN SHORT

Matador, DongWon Metal in joint venture

SLOVAK tyre firm Matador Púchov and South Korean company DongWon Metal are to set up a joint venture. Representatives signed an agreement on March 29, the news wire SITA reported.

The new company will supply car door constructions for the Hyundai/KIA plant near Žilina, which is expected to launch operations in 2006.

The companies plan to invest €10 million in their joint venture. Matador should control 65 percent and DongWon Metal the rest, said Matador's spokesman, Dušan Koblišek.

The joint venture will be one of the first suppliers for Hyundai/KIA in Slovakia. It should be located on the premises of the company Matador Automotive in Dubnica nad Váhom.

The venture might secure jobs for about 170 people. The venture will start production at the same time as the Hyundai/KIA car assembly plant. The joint venture in Slovakia will be the third investment by DongWon Metal in Europe.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Slovakia is the first country to test a new VAT refund app

Getting money back for buying souvenirs in Slovakia will be easier - there will be an app.

Illustrative Stock Photo

Prosecution has found errancies in criminal files related to self-employed farmers

General prosecutor feels that some prosecutors in the east of Slovakia follow their own conscience and opinion and not valid legislation.

General prosecutor Jaromír Čižnár

Begin afresh

I’m not sure if there is a typical Canadian way to get married.

Homophobic banners attributed to Ján Mrva give rise to criminal complaint

The Bratislava Mayoral candidate denies being behind the banners but has not condemned the contents argues NGO.

Ján Mrva