THE US company Honeywell launched trial production in its new factory in the IPZ Prešov-Záborské industrial park in eastern Slovakia in August. The plant manufactures turbochargers for passenger cars and trucks. In August about 100 people worked at the plant, the Prešov edition of the Korzár daily wrote.
Based on plans unveiled last year, Honeywell will invest €38.3 million and employ nearly 450 people in the plant’s first phase.
Honeywell chose eastern Slovakia for several reasons, including several kinds of investment stimuli. The Slovak government provided investment incentives totalling €19.155 million.
Honeywell is a technological and industrial conglomerate based in New Jersey. It supplies products and services related to aviation, control technologies for buildings, houses and industries, automotive parts, turbochargers and speciality industrial materials.
5. Nov 2012 at 0:00 | Compiled by Spectator staff