Type
Business expansion
Country
Slovakia
Region
Vychodne Slovensko; Kosicky kraj;
Location of affected unit(s)
Kechnec
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27 - Manufacture of electrical equipment

420 jobs
Number of planned job creations
Job creation
Announcement Date
3 February 2005
Employment effect (start)
1 March 2005
Foreseen end date
30 June 2005

Description

Molex Slovakia will build its own Research & Development unit and expand its production. After five years of operation, Molex subsidiary in the Kechnec industrial zone became the biggest Molex plant in Europe. New investment is motivated by increasing demands of expanding mobile phone and automotive industry. Molex Slovakia increased its sales volume from 400 million SKK in 2003 to 1.3 billion SKK in 2004. About 55% of total sale is shared by the automotive industry and almost 20% is shared by production of mobile phones.

Company invested 47 million SKK and achieved more than 500 million SKK sales revenue in July-November 2005 period. New investment supported the projects aimed at transfering some production from Portugal.


Sources

  • 19 December 2005: Hospod├írske noviny
  • 3 February 2005: Hospod├írske noviny

Citation

Eurofound (2005), Molex Slovakia, Business expansion in Slovakia, factsheet number 61112, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61112.