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Getrag Ford plant: Building starts in June

GERMAN car supplier Getrag Ford Transmissions will start work on its plant in Kecnec near Košice in June, according to the SITA news agency.

The cost of the planned investment is €345 million.

"Trial production will be launched in the fall of 2006 and the company will export its first products manufactured in Slovakia in January 2007," said Tobias Hagenmeyer of Getrag Ford.

The plant will be a greenfield investment with annual output is estimated at 200,000 transmission units, said Hagenmeyer. He added that the company wants to hire about 750 people at the Kechnec plant.

Compiled by Beata Balogová from press reports
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