Chinese company plans €29 million investment in Slovakia

The Chinese company Guangzhou Echom Science & Technology plans to build a new production plant in the western Slovak town of Nové Mesto nad Váhom. The investment should reach about €29 million, writes the latest issue of the Trend economic weekly, as quoted by the SITA newswire.

The Chinese company Guangzhou Echom Science & Technology plans to build a new production plant in the western Slovak town of Nové Mesto nad Váhom. The investment should reach about €29 million, writes the latest issue of the Trend economic weekly, as quoted by the SITA newswire.

The Chinese investment should create 500 jobs. The new plant is to produce pressed plastic parts for TV sets. The Chinese investor is to supply its product to the TV set producer Universal Media Corporation (UMS), based in the same town. Trend wrote that the investor plans to commence construction in 2010 while the final date will depend on whether the state grants investment incentives to the company and at what volume. SITA

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

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