“Slovak producers have balanced portfolios of products, thus they should not be significantly impacted by potential negative geo-political and economic factors,” said recently-elected head of ZAP Juraj Sinay, as quoted by the SITA newswire.
In the first quarter of the year, altogether 265,000 vehicles were produced in Slovakia and a similar result may be expected in the second quarter.
Sinay replaced Jaroslav Holeček at the helm, who leaves it after three years. He will however remain in the association as executive vice-president. The general assembly of ZAP also elected new vice presidents, the executive committee and the supervisory board.
The importance of the automotive industry for the Slovak economy is proven by the economic indicators, according to ZAP. Its share on the total industrial production in Slovakia is 43 percent. The automotive industry employs more than 80,000 people. Last year the three carmakers based in the country produced more than 971,000 vehicles.
Slovakia remains the automotive world power with 178 produced cars per 1,000 inhabitants, according to ZAP.
28. Apr 2015 at 13:26 | Compiled by Spectator staff