Korea Fuel-Tech

Type
Business expansion
Country
Slovakia
Region
Slovensko; Stredné Slovensko; Žilinský kraj
Location of affected unit(s)
Rajec
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
120 jobs
Number of planned job creations
Job creation
Announcement Date
9 May 2014
Employment effect (start)
1 October 2014
Foreseen end date
31 December 2014

Description

Korea Fuel-Tech Company will establish its new plant in Rajec where 120 jobs will be created till the end of 2014. The South Korean Company will produce plastic parts for the automotive industry, particularly for the nearby KIA in Zilina. Fuel-Tech plans to invest more than €8 million and create additional 120 jobs in the next two years.

Sources

  • 9 May 2014: SME
  • 9 May 2014: Hospodárske noviny

Citation

Eurofound (2014), Korea Fuel-Tech, Business expansion in Slovakia, factsheet number 77036, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77036.