IN SHORT

Investors to create jobs in Nitra

FOUR investors that have already signed an agreement with the City of Nitra on plans to build plants in the city's Sever (north) industrial park are set to create approximately 1,500 jobs, the TASR news wire reported.

An American supplier of car components, Visteon, plans to launch a trial run at its newly built facility by the end of the month.

The city has also signed an agreement with Danish company Carnitech/Marel, which has set a target of the summer of 2006 to build a plant for processing rust-resistant materials for the food industry.

Keller (Austria/Germany), a company that operates in the field of engineering production for car industry, will also locate its plant in the Sever industrial park.

According to Nitra mayor Ferdinand Vitek, German company Giesecke Devrient is expected to sign an agreement to produce ATM cards in Nitra in the near future.

The Nitra-Sever industrial park covers an area of 200 hectares. The infrastructure began to be built in January and is now nearing completion. Investment costs for the park's infrastructure are expected to reach Sk700 million (€18 million).

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