Type
Business expansion
Country
Czechia
Region
Moravskoslezsko; Moravskoslezsky;
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

160 jobs
Number of planned job creations
Job creation
Announcement Date
24 November 2005
Employment effect (start)
30 June 2006
Foreseen end date
31 December 2008

Description

American CTS Corporation, a leading designer and producer of electronic components for automotive and electronics industry, intends to invest nearly $22 million into a new facility in Ostrava. The company is to create over 160 new jobs by 2008 at the latest. The production of electronic parts for car industry should be up and running as early as June 2006.


Sources

Citation

Eurofound (2005), CTS Corporation, Business expansion in Czechia, factsheet number 62584, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62584.