Spectator on facebook

Spectator on facebook

New investor coming to northern Slovakia

One of Kia’s biggest suppliers of plastic components is coming to the Kysuce region.

Seoyon E-hwa products form Považská Bystirca plant.(Source: SITA)

Seoyon E-Hwa, the South Korean automotive industry company, is coming to the town of Čadca, the Hospodárske Noviny daily wrote on August 10.

The company’s own production is not sufficient anymore, thus boosting its position in Slovakia and opening a third production factory, after Považská Bystrica and Dubnica nad Váhom. In the Čadca-Svrčinovec locality, it will build production and storage rooms containing facilities for the production of plastic components for cars, with a total area of more than 14,000 square metres (around 9,000 for production and the rest for logistics).

It is expected to employ 450 people in 2018 and invest €31 million in the new plant. Construction is expected to start in a few weeks, and there are plans to launch production within a year.

Both the company and Čadca’s administration have refused to give more detailed information. The Economy Ministry also answered evasively when asked whether the investor was asking the state for incentives. “We don’t comment on plans undergoing the assessment process,” replied spokesman for the ministry Maroš Stano for the economic daily.

Topic: Automotive


Top stories

The Nordic walker with the best technique in the world is Slovak Photo

For Lucia Okoličányová, Nordic walking has become her love of life and philosophy

Lucia Okoličányová

Planes will steal the sky above Dubová

Visitors should expect a colourful programme full of acrobatic demonstrations and tourist flights at the airport in Dubová, close to Bratislava.

Sulík: Kiska's party would only further break the centre right

Fico's star is falling and he could still save himself now for another election term, says opposition SaS leader Richard Sulík about who would benefit from early elections.

Richard Sulik

Revolution in personal data is coming

Are the companies ready for GDPR?

Illustrative stock photo