The South Korean company Seoyon E-Hwa Automotive Slovakia wants to open its third plant in the country in Čadca (Žilina Region), planning to create 450 new jobs. The plant should produce plastic components for various parts of vehicles.
“Regarding the increasing demand for our products, and also the growing automotive industry in Slovakia, the Czech Republic and Poland, we need to build a new production and logistics complex,” the company wrote in its investment project, submitted for environmental impact assessment, as quoted by the SITA newswire.
The company plans to invest €31 million into its new plant. The sum, however, is not necessarily final.
“Regarding the changes in the costs of construction work or technical equipment, the investment costs are only preliminary,” the project reads, as quoted by SITA.
Construction is expected to start this year, while production may be launched at the end of next year. The production itself will be carried out by injection moulding machines and single-purpose devices, the TASR newswire reported.
Seoyon E-Hwa Automotive Slovakia already has two plants in Dubnica nad Váhom and Považská Bystrica (both in Trenčín Region). It launched its business in Slovakia in 2005 under the name Hanil E-Hwa. It is part of the Seoyon E-Hwa group, SITA wrote.
16. Aug 2017 at 14:02 | Compiled by Spectator staff