BUSINESS IN SHORT

€16m in investment incentives okayed

SLOVAKIA will provide investment incentives of €16 million to five companies. The cabinet approved incentives for Pasivhaus Modul Systeme, Monocrystalex, Sapa Profily, Stawi, and SKH Plastic at its session on May 12, the SITA newswire reported.

SLOVAKIA will provide investment incentives of €16 million to five companies. The cabinet approved incentives for Pasivhaus Modul Systeme, Monocrystalex, Sapa Profily, Stawi, and SKH Plastic at its session on May 12, the SITA newswire reported.

The incentives were approved in the form of tax relief, assistance in acquiring fixed assets, and incentives for job creation. In total, these investments should create 468 new jobs.

Pasivhaus Modul Systeme intends to build a production plant to manufacture construction elements in the village of Tona for €13.3 million. Monocrystalex plants to invest €7 million into production premises and new innovative technologies to widen production of non-metal mineral products in its existing plant in Medzilaborce.

Sapa Profily, a producer of pressed aluminium profiles, plans to widen existing production in Žiar nad Hronom and thus increase output of products with higher added value. Stawi will invest in the expansion of existing production by building a new production facility and new technology.

SKH Plastic plans to build a new factory to make plastics and metal products for the electro-technical and automotive industries in the village of Matúškovo.


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