Spectator on facebook

Spectator on facebook

U.S. Steel invested $605 million since coming to Košice

FIVE years since taking over the former VSŽ steel mill, U.S. Steel Košice has invested $605 million (Sk20 billion) of the $700 million it promised to invest in the factory over the course of 10 years, the Hospodárske noviny wrote.

Employment remains at 16,000, and around 4.5 million tonnes of steel is produced annually at the plant, said USSK president David Lohr.

The company's most recent investment is a $160 million hot-dip galvanizing line for producing high-quality steel for the automotive industry.

Of the total investments, $200 million went to environmental protection and ecological projects.

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

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Movies under an open sky feel differently than in an air-conditioned cinema Photo

The popularity of outdoor cinemas is increasing in Bratislava

Bažant Kinematograf on the Magio Pláž beach

Peter Sagan announces split with his wife Katarína

The Slovak cycling star who has a young son said “It will be much better this way”.

Peter Sagan marries Katarína, November 2015.

Top 3 news from Last Week in Slovakia Video

Slovakia to buy 14 American fighter jets.

This archive picture from 2014 shows an older model of the F-16 fighter jets.