500 new jobs to be created

Four companies want to invest altogether €88.5 million in Slovakia.

The cabinet will decide on the investment aid.The cabinet will decide on the investment aid. (Source: TASR)

Four investors plan to create altogether 500 new jobs in Slovakia, particularly in Žilina, Ladomerská Vieska, Lučenec (both Banská Bystrica Region), and Betliar (Košice Region). They are expected to invest altogether €88.5 million.

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The companies have already addressed the state, asking it for investment aid amounting to more than €11 million, mostly in the form of tax reliefs, the SITA newswire reported.

Company Franke Slovakia plans to invest nearly €27 million in Žilina, building a new plant specialising in the production of coloured kitchen sinks, with the plan to move all of its employees there from the existing company. Part of the new premises will also be a competence centre focused on testing and development of materials and designs of sinks.

The company also plans to create 240 new jobs, of which 33 will be designed for specialists who are expected to work in the competence centre.

Franke Slovakia has asked the state for €3.9 million in form of tax reliefs, SITA reported.

Another company, Nemak, wants to expand its production of aluminium castings by using high-pressure casting technology, situated in Ladomerská Vieska. It plans to invest more than €59 million and to create 210 new jobs.

The investor is asking for investment aid amounting to €6.2 million, provided in the form of tax reliefs, SITA wrote.

Meanwhile, the company D&J Design plans to build a new hall to produce wooden components in Lučenec, investing €2 million and creating 40 new jobs. It is seeking investment stimuli amounting to €910,000, both in form of direct subsidies and tax relief, SITA reported.

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The last to ask for state aid is company Frafák & Fafrák, which wants to expand its existing sawmill plant in Betliar for about €140,000. The plan is also to create 10 new jobs. The investor has asked the state for stimuli amounting to €77,000, both in form of direct subsidies and tax reliefs, according to SITA.

The stimuli will now be considered by the government. The Economy Ministry does not have any objections to providing the aid.

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