BUSINESS IN SHORT

Automotive company expands

THE OLDEST carmaker in Slovakia, Volkswagen Slovakia (VW SK), keeps expanding. On October 28 it opened a new tool shop in Stupava. It will manufacture tools and equipment for automotive production to be used in Slovakia’s assembly plant, as well as to be exported to VW plants in the EU, China, India and Mexico.

“A technological centre for production and innovation of equipment and tools like welding clamps, manipulators or protective elements of machines was launched,” said Albrecht Reimold, chair of the board of directors of VW SK adding that building this technological centre is part of their interest in continuing activities in Slovakia.

The tool shop is 6,000 square metres and it required investment of €4 million. It employs 50 highly qualified workers. It is located near the capital, as well as the company’s assembly location in Devínska Nová Ves.

This is the first tool shop a carmaker in Slovakia has launched so far, the Hospodárske Noviny economic daily wrote. Jaroslav Holeček, head of the Slovak Automotive Industry Association (ZAP), sees the opening of the €90-million press shop in late 2013 as being behind the new investment.

VW SK plans to further expand in Stupava.

“Already now we are thinking about the placement of new technologies and one of them will be, for example, a 3D printer,” said Reimold as cited by the Pravda daily. The new printer will be one of the biggest in the world and will be able to print objects not only from aluminium, but also steel.

The tool shop opened only shortly after VW SK announced that it would produce the Porsche Cayenne SUV as of 2017 and bodies for the first Bentley SUV.

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