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Volkswagen Slovakia reports successful 2011 and further expansion

Volkswagen Slovakia (VW SK) enjoyed a successful year in 2011, its chairman of the board of directors, Albrecht Reimold, told the TASR newswire after his meeting on January 18 with Prime Minister Iveta Radičová.

Volkswagen Slovakia (VW SK) enjoyed a successful year in 2011, its chairman of the board of directors, Albrecht Reimold, told the TASR newswire after his meeting on January 18 with Prime Minister Iveta Radičová.

"2011 was successful for us in light of the fact that we launched production of small vehicles," said Reimold. In 2011, VW SK created more than 1,500 new jobs and expanded its production portfolio by manufacturing sports cars. The company plans to invest more than €1.5 billion in coming years, with the construction of new production facilities.

Radičová said that investments by the automotive industry create pressure to improve qualifications and represent values that will stay in Slovakia. "They are laying the groundwork for what we need most and that is jobs with so-called higher added value," Radičová stated.

Volkswagen Slovakia plans to replace part of its H4a welding hall at its plant in Bratislava’s Devínska Nová Ves district with one with a higher capacity, creating some 1,200 new jobs. The construction is planned to begin in the first quarter of this year and take approximately a year, the SITA newswire wrote. In addition to its Bratislava plant, Volkswagen Slovakia operates in Martin where it makes components for chassis and gearboxes and in Košice where it prepares vehicles for export to Russia.

Source: TASR, SITA

Compiled by Zuzana Vilikovská from press reports
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