Spectator on facebook

Spectator on facebook

JLR draws investor from US

American producer of car components to hire about 500 people.

(Source: SME)

The plan of the British carmaker Jaguar Land Rover (JLR) to build a brand new plant near Nitra will lure another large investment to Slovakia. US machinery company Altra Industrial Motion will build a brand new plant in Zlaté Moravce for production of car components. The €18-million plant should employ roughly 500 people, the Hospodársake Noviny daily informed.

“Negotiations with clients are still ongoing,” Miroslav Vrban, the head of the development company Ardis that will build the plant for the US company told the daily. “If everything goes properly, construction of the plant will start at the beginning of next year.”

Read also: Read also:Construction of Jaguar plant may begin

Zlaté Moravce mayor Dušan Husár sees this as the investment of the decade.

“Altra already has one branch in the town,” Husár told the daily.

Bauer Gear Motor of the concern has been producing high performance motors in Zlaté Moravce since 2011. It employs about 300 people. Last year its revenues amounted to €28.5 million.  

Altra is one of the world leaders in production of power transmission components and motion control products. It has branches in more than 70 countries worldwide.

Unemployment in the town is quite low amounting to about 6.6 percent, while the average unemployment in Slovakia is still rather high exceeding 9 percent. But in spite of this the number of companies failing to fill their vacancies is increasing. 

Topic: Automotive


Top stories

EU roaming fees to end on June 15 – in theory

Slovak customers still waiting to find out how mobile operators will implement change.

Archaeologist pieces together early history of what is now western Slovakia Photo

For an archaeologist, the most important thing is his most recent rare discovery, says Július Vavák.

Students visited Svätý Jur as part of their European Wanderer project

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár