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Kuenz SK starts building plant at Kechnec

AUSTRIAN investor Hans Künz yesterday started building its new plant at the Kechnec industrial park in Eastern Slovakia, via its Slovak subsidiary Kuenz SK.

The new plant will produce construction parts for cranes, steel constructions for waterworks projects, and facilities for water power plants, the SME daily wrote.

The investor plans to complete the plant by February 2006. By the end of 2007 around 90 people should be working there.

In the first stage of the investment the company plans investing €6.5 million (Sk255 million). The company's turnover should reach €5-6 million within three years since the start of production.

Compiled by Martina Jurinová from press reports
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