BUSINESS IN SHORT

VW to invest €1 billion in Slovakia

VOLKSWAGEN Slovakia is planning to invest €1 billion over the next five years into the production of its cars as well as components, the SITA newswire reported.

VOLKSWAGEN Slovakia is planning to invest €1 billion over the next five years into the production of its cars as well as components, the SITA newswire reported.

“In the next five years we will focus on new production technologies, expanding the production of cars in the Bratislava plant and components in the Martin plant,” said Andreas Tostmann, the director of the board of Volkswagen Slovakia, as quoted by SITA. “The volume of investments will double in comparison with the previous five years.”

The technological investments will include a dry particle separator in the paint department for the New Small Family cars which the company said will reduce emissions by 90 percent and lower energy consumption by up to 80 percent. Other new technologies will include an environmentally-friendly process for surface trimming of car body shells.

Volkswagen Slovakia has invested over €1.7 billion during its nearly 20 years of manufacturing in Slovakia and has produced over 2.5 million vehicles across five brands, SITA wrote.


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