Spectator on facebook

Spectator on facebook

Kia Slovakia reports profit of €68.6 million for 2011

A record-breaking 252,000 cars rolled off the production lines at the Kia Motors Slovakia plant in Teplička nad Váhom near Žilina last year. The plant also made 359,000 engines in 2011. The company reported a pre-tax profit of €68.6 million, with sales going up 15 percent and production 10 percent in year-on-year terms.

A record-breaking 252,000 cars rolled off the production lines at the Kia Motors Slovakia plant in Teplička nad Váhom near Žilina last year. The plant also made 359,000 engines in 2011. The company reported a pre-tax profit of €68.6 million, with sales going up 15 percent and production 10 percent in year-on-year terms.

"We have invested some €200 million in building a second engine plant and preparing for production of the new version of the Kia cee'd model. Last year, we hired some 900 new employees and launched a third shift this January. In 2012, we plan to make over 285,000 vehicles and invest some €110 million." Kia Motors Slovakia CEO Eek-Hee Lee told the SITA newswire. Last year the company’s sales stood at €3.328 billion, with export sales amounting to €3.278 billion. Almost 99 percent of the cars it produced in 2011 were shipped abroad.

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

Slovakia responds cautiously to possible EC-Gazprom deal

EC says commitments by Gazprom would improve trade in Russian gas in Europe.

European Commissioner for Competition Margrethe Vestager speaks during a media conference regarding Gazprom at EU headquarters in Brussels on March 13.

Verdict reached on attacker in the case of the neo-Nazi attack on the Mariatchi bar Video

This is the third sentence concerning the attacks in front of the bar, but the main trial still waits for expert opinion.

Foreigners: Events in Bratislava

Tips for performances and other events in the capital between March 24 and Apr 2, including concerts, ballet, dance, comedy show, meeting, courses, festivals, exhibitions and more.

Hostages to fortune

Britain will trigger Article 50 to leave the EU on 29 March. She and her EU partners could, and should, guarantee the rights of their citizens living abroad – including tens of thousands of Slovaks in the UK. That…

Theresa May announced Brexit will start on March 29.