VW will invest €500 million

BRATISLAVA-based carmaker Volkswagen Slovakia (VW SK) will invest about €500 million into building a new and more up-to-date body-welding unit. This should stand on the site of the logistics area of the current body-welding unit which will be demolished, the report submitted for the environmental impact assessment process suggests.

BRATISLAVA-based carmaker Volkswagen Slovakia (VW SK) will invest about €500 million into building a new and more up-to-date body-welding unit. This should stand on the site of the logistics area of the current body-welding unit which will be demolished, the report submitted for the environmental impact assessment process suggests.

The capacity of new body-welding unit will be 450 type SUV vehicles per day. The construction should start this April and end in December 2016. The testing operation of the unit is planned for the second quarter of 2017, the TASR newswire wrote.

“The total costs on realisation of the proposed intention, regarding the changing prices of construction works and technological devices based on selected suppliers, will be set later,” the company wrote in the document, as quoted by TASR.

VW SK was established on the Slovak market more than 23 years ago. Since 1991 it has produced more than three million vehicles. The carmaker belongs to the biggest exporters, investors and employers in the private sector in Slovakia. It currently employs 9,400 people.

In its Bratislava plant, the carmaker produces vehicles and components such as: Volkswagen Touareg, Audi Q7, Volkswagen up!, Volkswagen e-up!, SEAT Mii, ŠKODA Citigo, as well as bodyworks of the Porsche Cayenne and gearboxes. In its Martin plant it produces components for chassis and gearboxes, while in Košice it prepares vehicles for exports to Russia. The plant in Stupava produces tools for production lines, TASR wrote.

Source: TASR

Compiled by Radka Minarechová from press reports

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