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KIA increases investment

CARMAKER KIA Motors will invest €135 million more in its new Žilina plant than originally planned and create 3,100 jobs, 700 more than expected, the daily Pravda wrote.

Dušan Dvořák, spokesperson for KIA Slovensko, said that the company was pleased with the growing sales of KIA in Europe, which motivated it to boost the Slovak investment.

The new plant will make 300,000 cars per year instead of the originally planned 200,000, and will produce three car models rather than two.

KIA's total investment should thus exceed Sk34 billion (€870 million).

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

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