Spectator on facebook

Spectator on facebook

MinebeaMitsumi is building a brand new plant in Košice

The Japanese company plans to employ 1,100 people, of which 100 will work in R&D.

Representatives of the Japanese company MinebeaMitsumi and Slovakia ceremonially launched construction of a new plant.(Source: SITA)

The Japanese company MinebeaMitsumi has launched an engineering and electronic industry plant in Košice. It plans to invest €60 million at least and employ 1,100 people, making the investment one of the most significant business activities in the region. It will be the company’s most modern and biggest producer of mechatronic propulsion systems and electric engines for industrial purposes, including the automotive sector, in Europe. Production should start here during the first quarter of 2018.

Apart from company representatives, Prime Minister Robert Fico and Košice Mayor Richard Raši also attended the ceremony. Raši highlighted that an investor of this type has been missing in Košice so far.

“Maybe the name of this company does not mean anything to an ordinary consumer but we use most of their products daily in mobile phones, ordinary household appliances and cars,” said Raši as cited by the Korzár daily.

Read also: Read also:Japanese Minebea company invests in Košice

Meanwhile, the Slovak government is due to debate the company’s request for state investment assistance, amounting to €20 million. This means that the investment stimulus for the creation of one job should be about €17,500.

PM Fico praised the company’s decision to place the investment in the somewhat underdeveloped east of Slovakia. He also welcomed the fact that MinebeaMitsumi is going to support activities in science and research and has plans for cooperation with the Technical University. Thus as well as established sectors such as steel production and IT, this region is now getting the standard industrial production, which is so typical for Slovakia, said Fico

If the project is successful, a second phase will continue.

Earlier this year, the company Minebea, completed the acquisition of the company Mitsumi Electric.

Topic: IT


This article is also related to other trending topics: Industry

Top stories

It's not your Slovakia, Bystrica protesters told Kotleba

President Andrej Kiska spoke to the crowd at the protest gathering, asking Slovaks what kind of country they want to have.

Lajčák gives two versions of the Evka story

The Foreign Ministry gives opposing statements about suspicious procurement related to the Slovak Presidency over the EU Council.

Government of PM Robert Fico (left) endorses Lajčák as its official candidate.

PM Fico: Investors should clearly declare whether they have encountered corruption or not

Representatives of the biggest investors in Slovakia met with Fico to discuss the local business environment.

PM Robert Fico meeting with representatives of big investors in Slovakia.

Blog: HR Marketing: Not everybody can be Google!

It is important to know who your target audience is and the position you aspire to achieve as an employer on the market.

Illustrative stock photo