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IN SHORT

Getrag Ford starts building plant in Kechnec

THE FOUNDATION stone for the Getrag Ford Transmissions (GFT) Slovakia plant was laid at Kechnec industrial park on July 7.

GFT is investing a total of €345 million in Slovakia. It will build a modern transmissions production plant and create around 750 direct jobs, TASR news agency wrote.

The company expects its annual turnover to reach €300 to €400 million.

All of the plant's output will be for export.

GFT is the eighth investor in the 330-hectare Kechnec industrial park, which is considered to be one of the best-prepared investment sites in Slovakia.

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