EMCC European Monitoring Centre on Change

Aluminios Cortizo

Company/Organisation:
Aluminios Cortizo

Geographic Location

Country: Slovakia
Region: Banskobystricky kraj; Stredne Slovensko
Location of affected unit(s): Nová Baňa

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24 - Manufacture of basic metals

Employment Effects

Announcement Date: 16-11-2004
Type of Restructuring: Business expansion
Employment Effect Start: 31-03-2005
Foreseen End Date: 31-12-2006
Planned Job Creation: 350

Additional Information

Spanish company decided to invest almost 20 million Euro in Slovakia. New plant in city of Nová Baňa will produce special aluminium profiles for construction elements like doors, windows and façades. In the first two years of operation the company intends to export the production to Belgium, Germany, Great Britain and the Netherlands. Later, the company plans to build distribution centres in Bratislava, Budapest and Prague.