Spectator on facebook

Spectator on facebook

IEE Sensing asks for aid and plans to create 337 new jobs

IEE Sensing Slovakia, a manufacturer of sensor equipment for the automobile industry, is asking for investment assistance from the state worth €4.58 million in the form of tax relief.

(Source: TASR)

The information about this Luxembourg-based company that is owned mainly by investors from China and Hong Kong comes from a investment aim published by the Economy Ministry, with the stated reason for the project being to increase production capacity at the firm’s plant in Veľká Ida in the Košice region, the TASR newswire reported.

“The realisation of the investment aid of a nominal value of €12.66 million is divided over the 2015-17 period,” stated the Economy Ministry, as quoted by TASR. “Directly linked to the aim are 337 new job opportunities to be created by the end of 2018.”

In addition, the company plans to set up a new research and development centre as part of the investment project. The expansion of the plant is aimed at the production of steering wheel sensors and other components.

“The applicant states in its investment plan that one of the aims of the new research and development centre is cooperation with Slovak universities,” stated the ministry, as quoted by TASR.

IEE Sensing Slovakia at Veľká Ida manufactures safety systems for increasing the safety of vehicle occupants.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Topic: Automotive


Top stories

We want a decent Slovakia, people chanted in squares

On the eve of the Velvet Revolution anniversary, people protested in the thousands, calling for a decent Slovakia.

Bratislava protest November 16, 2018

What we didn't know about our freedom

In 1989, we thought that once the job was done, we would only go out to the squares for Sunday walks.

November 1989 in Bratislava

The courage to fight for democracy

Authoritarian societies squander the possibilities of human achievement, of lives lived to their fullest, writes the US ambassador to Slovakia.

Illustrative stock photo

While France has Beaujolais Nouveau, Slovakia has St Catherine's wines

This warm summer with an early harvest was a blessing for young wine.

St Catherine's wines