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Unomedical invests in Michalovce

DANISH company Unomedical plans to invest €8.8 million (Sk337.2 million) into a plant producing disposable medical equipment (infusion equipment for insulin pumps), Economy Minister Pavol Rusko said.

The company will create 550 new jobs at the new plant in Michalovce (Košice region) and production is expected to start in the first quarter of 2006. Slovakia's government is supporting the investment with investment stimuli worth Sk100 million (€2.6 million).

"We negotiated the amount of the investment stimuli for a couple of weeks and this amount is acceptable for us," Rusko said.

He appreciated that investors are coming to the region where the unemployment rate is almost 20 percent. "These 550 jobs for Michalovce represent more than 2,000 new jobs in Bratislava," Rusko said.

The plant, spread over an area of 17,000 square metres in Michalovce, will be Unomedical's biggest investment. Full-scale production should be reached a year or 18 months after it opens, the TASR news wire said.

Compiled by Beata Balogová from press reports
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