Type
Business expansion
Country
Slovakia
Region
Zapadne Slovensko; Nitriansky kraj;
Location of affected unit(s)
Levice
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

1,100 jobs
Number of planned job creations
Job creation
Announcement Date
16 November 2006
Employment effect (start)
1 July 2007
Foreseen end date
31 December 2011

Description

German ZF Sachs Corporation, which is one of the biggest European producers of components for motor vehicles, expands its business in Slovakia. Company management decided to invest around EUR 75 million in order to establish a new production plant in Levice industrial park (previously a huge Hankook's greenfield investment was planned there). Components for car chassis and transmission elements will be produced in the new plant, which is expected to be completed in the first half of 2007. Employment will grow gradually and up to 1,100 new jobs will be created there in the next five years.


Sources

  • 16 November 2006: Hospod├írske noviny

Citation

Eurofound (2006), ZF Sachs, Business expansion in Slovakia, factsheet number 64496, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64496.