Spectator on facebook

Spectator on facebook

Production begins at new Kia engine plant

Kia Motors Slovakia launched production of petrol engines at its new plant in Teplička nad Váhom (Žilina Region) on Thursday, September 29, with Prime Minister Iveta Radičová in attendance at the official ceremony, the TASR newswire reported. The investment, worth €100 million, will boost production capacity from 300,000 to 450,000 engines per year, with 270 jobs being created.

Kia Motors Slovakia launched production of petrol engines at its new plant in Teplička nad Váhom (Žilina Region) on Thursday, September 29, with Prime Minister Iveta Radičová in attendance at the official ceremony, the TASR newswire reported. The investment, worth €100 million, will boost production capacity from 300,000 to 450,000 engines per year, with 270 jobs being created.

Radičová highlighted the importance of the investment for northern Slovakia. "It's not only the total of 1,000 jobs as of the first quarter of next year and all the new jobs in the new plant. It's, first and foremost, thousands of jobs in subcontracting firms," said the prime minister. "And I was pleased to learn that many car parts for Kia Motors are supplied by Slovak firms," she added.

"This is a significant year for us. We produced what was our millionth engine back in May," said Myung-Chul Chung, the president and chief executive of Kia Motors Slovakia.

Source: TASR

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

Top stories

Kiska stays away from parliamentary politics

President Kiska has dispersed all questions surrounding his future in politics before Easter, when he announced he was not planning to run for parliament.

Andrej Kiska does not want to walk down the path of party politics.

Danko’s office opens MPs’ letters

OĽaNO wants Danko to step down as parliament’s speaker after what they call an unprecedented measure.

Igor Matovič (l) and Ján Budaj (r)

Train travel to Košice via south to return

The Transport Ministry will restore the operation of fast trains on the southern route as of June.

Government ignores anticorruption demands Photo

Protesters gave the government two weeks to fulfil their demands.