Type
Business expansion
Country
Slovakia
Region
Zapadne Slovensko; Nitriansky kraj;
Location of affected unit(s)
Nové Zámky
Sector
Manufacturing
Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products
Manufacture Of Rubber And Plastic Products
22 - Manufacture of rubber and plastic products

700 jobs
Number of planned job creations
Job creation
Announcement Date
11 November 2005
Employment effect (start)
15 November 2005
Foreseen end date
31 December 2011

Description

Spanish company Cikautxo is to establish its first subsidiary in Slovakia. Cikautxo took over the premises of closed Czech Sigma Company subsidiary in the Nové Zámky industrial zone. Company management plans to invest around €25 million in the reconstruction of the buildings and in a new technology. Plastic pressed parts and tubes for automotive industry and white domestic appliances will be produced there. According to Director General Jose Ricardo, company experts have visited four countries neighbouring to Slovakia to look for a suitable area for the new investment. The industrial zone in Nové Zámky was picked up because of its strategic geographical location as well as the availability of qualified workforce.


Sources

  • 11 November 2005: Hospodárske noviny

Citation

Eurofound (2005), Cikautxo SK, Business expansion in Slovakia, factsheet number 62557, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62557.