Japanese firm Akebono closer to opening Trenčín plant

Trenčín town councillors, on Monday, July 22 approved automotive industry supplier Akebono Brake Industry’s proposal to buy state land, thereby bringing the Japanese manufacturer one step closer to setting up shop at the industrial park in Trenčín.

Trenčín town councillors, on Monday, July 22 approved automotive industry supplier Akebono Brake Industry’s proposal to buy state land, thereby bringing the Japanese manufacturer one step closer to setting up shop at the industrial park in Trenčín.

Akebono is interested in building and operating a 40,000 square metre production facility in the Trenčín industrial zone. As the town of Trenčín does not own all of the land in question, it asked the Slovak Land Fund (SPF) to provide suitable sites for the purpose. Councillors on Monday agreed to pay €904,000 to SPF. Based on a memorandum signed between Trenčín and the firm, the city is expected to sell the land to Akebono for €920,000 in total.

“Within the last 18 months we've conducted 11 sets of negotiations with Akebono Brake Industry. The Japanese were considering not only Slovakia, but also Hungary, Poland and the Czech Republic [for their investment],” Trenčín mayor Richard Rybníček told the TASR newswire. “They have decided on Trenčín, which they've partly declared by signing a memorandum.”

He further revealed that the company is not interested in any investment assistance. Akebono is expected to create 350 new jobs in the area. The construction of the plant is expected to launch in March 2014, with production starting at the end of that year.

(Source: TASR)
Compiled by Zuzana Vilikovská from press reports
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