Type
Business expansion
Country
Czechia
Region
Severozapad; Ustecky;
Location of affected unit(s)
NA
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

1,800 jobs
Number of planned job creations
Job creation
Announcement Date
24 May 2005
Employment effect (start)
Foreseen end date
31 December 2015

Description

Mexican company Nemak, a global high-tech aluminium automotive component producer, one of the largest foreign investor operating in the Czech Republic since 2003 through its Czech subsidiary in Joseph, industrial zone of the city Most, has decided to expand its production capacity of aluminium cylinder head and block castings to 1,6 million a year and to employ more than 500 people by 2010. The company has already invested more than 2 billion CZK and plans a further investment of 7 billion CZK which is expected to create another employment opportunities for about 1,300 workers by 2015. However, the issue of building licence allowing the tenfold factory expansion is now being threatened because of discrepancies in documents enabled the company to set up a new plant on the grass field.


Sources

  • 24 May 2005: Hospod├írske noviny

Citation

Eurofound (2005), Nemak Czech Republic, Business expansion in Czechia, factsheet number 61624, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61624.