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

How the national emblem appeared – including so far secret communism designs

Even Slovaks often do not know why the national emblem depicts a white double-cross, and not the Kriváň peak, or the design by artist Vincent Hložník. They also do not know why it makes a difference whether it is…

Offical Slovak national emblem and colours

Bratislava Zoo will have new wolf breeding station

One of most significant investments of the Bratislava Zoo in the year 2017 will be the building of a new wolf breeding station.

Foreigners: Events around Slovakia Photo

Tips for performances and other events in the Slovak regions between February 17 and February 26, including a race on old wooden sleighs, an operetta premiere, a lot of jazz, classical and rock music, and more.

Rce in krňačky sleighing, Turecká 2017

Some food really is better in Austria, study finds

EC says its role is to monitor safety, not quality – but Slovaks want the same as Austrians, says minister.

Illustrative stock photo