Spectator on facebook

Spectator on facebook

FOCUS SHORT

Embraco grows in Spisšká Nová Ves

EMBRACO Slovakia, the largest employer in the Spiš region, launched production of a more efficient compressor model in its plant in Spišská Nová Ves last June. The SITA newswire wrote at that time that the company’s investment in the new production line totalled €13.5 million and that the Slovak government provided investment stimuli worth €6.9 million. These included a €1.5 million subsidy for creating the new work positions, €2.3 million in tax relief between 2012 and 2014 and a €2.7 million subsidy to procure production assets. Embraco Slovakia is part of what is now a global corporation that was founded in 1974 in Joinville, Brazil.

EMBRACO Slovakia, the largest employer in the Spiš region, launched production of a more efficient compressor model in its plant in Spišská Nová Ves last June. The SITA newswire wrote at that time that the company’s investment in the new production line totalled €13.5 million and that the Slovak government provided investment stimuli worth €6.9 million. These included a €1.5 million subsidy for creating the new work positions, €2.3 million in tax relief between 2012 and 2014 and a €2.7 million subsidy to procure production assets. Embraco Slovakia is part of what is now a global corporation that was founded in 1974 in Joinville, Brazil.

Norbert Brath, the director general of Embraco Slovakia was joined at the ceremonial launch of production by Prime Minister Iveta Radičová and told the media that the new compressor model manufactured at the plant is 15-20 percent more efficient than older models. Embraco plans to produce over 2 million of the new compressors each year for use in cooling systems. It also announced the hiring of an additional 300 people, increasing its labour force to 2,100, and said that another 160 people were expected to get jobs at subcontractors to the plant.

Embraco started construction of its facility in Spišská Nová Ves in 1998 and began production in 1999. In 2011 Embraco Slovakia received the top prize in the Via Bona National Corporate Social Responsibility awards programme for its assistance to the local hospital. It also received honourable recognition for assistance given to its employees during flooding in the region in 2011.

Topic: Foreigners in Slovakia


Top stories

Emergency declared in Prešov after Sunday storm Video

A powerful storm swept through the city on July 23.

Strong storm hit prešov on July 23.

Slovak water slalom racers won seven medals

Young Slovak talents made the hearts of sports fans race with their performance at the World Championship in water slalom.

Marko Mirgorodský

The normalisation of our relations has grown

Most people want the EU to exist in the future – we just have to mobilise this majority and not take things for granted, says Austrian Ambassador to Slovakia Helfried Carl in an interview with The Slovak Spectator.

Austrian Ambassador Helfried Carl

Fico for better fish fingers

It’s true that in the past four months, Mr Fico has been comparatively less busy than his Visegrad Group partners.

Austrian fish fingers angered PM Fico.