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

Soldier detained for theft in the ammunition depot

The theft in the ammunition depot was not used for arming extremists or terrorism.

Ammunition, illustrative stock photo

Governmental campaign should bring Slovaks home from the UK

The Slovak cabinet plans to persuade its expats living and working in the UK with at least a bachelor degree to return home: a campaign offering specific jobs should help.

Young researchers, IT experts and medical staffers are needed in Slovakia, illustrative stock photo.

EU lawyers claiming the Russian annexation of Crimea as legal is a hoax

One lawyer does not mean all EU lawyers; immigrants attacking a shepherd dog and HAARP causing hurricanes in the US are hoaxes, too.

Hoax on immigrants attackign two German shepdherds and ebing bitten yb them

Defense commitments and defense cooperation

NATO membership brings solemn responsibilities as well as benefits, especially today, writes US ambassador to Slovakia.