A BELGIAN machinery company, LVD, opened another production plant in Tornaľa in eastern Slovakia last October. The plant known as LVD S3 covers 6,000 square metres and produces laser cutting systems. It is an extension to the existing LVD S2 plant. Investment in the plant, including equipping it with the most modern technology, is about €9 million.
Robert Merva, then spokesperson for the Economy Ministry, said the Slovak government supported the investment with €1.8 million in stimulus measures as well as tax holidays that will save the firm €500,000, the SITA newswire wrote.
The general director of LVD, Carl Dewulf, said at the plant’s opening that the products manufactured in Tornaľa will be destined for customers in Europe, the Americas and China, adding that LVD S3 is one answer to fill the global demand for equipment for working with sheet metal.
“Extension of our global network with this production facility will enable us to shorten supply periods for our customers around the world,” said Bertrand Florizoone, LVD’s executive director for central Europe, as quoted by SITA.
2. Jul 2012 at 0:00 | Compiled by Spectator staff