Honeywell Turbo Bratislava, a newly created subsidiary of US multinational Honeywell, plans to build a factory at the Záborské pri Prešove industrial park, in Prešov Region, to produce turbochargers designed for passenger-car and truck engines, the Economy Ministry announced on Wednesday, March 9.
The investment is expected to amount to €38 million, according to the plan that the company has submitted for environmental impact assessment. The American investor plans to create a total of 446 new jobs by 2016, with 389 on the production side and 57 in administration. In the start-up phase this year the company wants to employ 43 people and an additional 141 in 2012. According to the plan, 300,000 turbochargers are to be manufactured in 2012, with production gradually increasing until 2015, the TASR newswire wrote.
The first construction stage will begin in the first half of this year and will encompass the building of manufacturing facilities occupying 6,000 square metres. The second phase will begin in late 2011, during which time the factory will be extended to 9,000 square metres. Production is expected to begin in 2012.
Honeywell Turbo, s.r.o., Bratislava, has been listed in the Business Registry since March 3, 2011. It is owned by Honeywell International Inc., based in Morristown, New Jersey. The company specialises in the manufacture of motorised vehicles, engines, car parts and a wide variety of related products.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
10. Mar 2011 at 10:00