EMCC European Monitoring Centre on Change

Badinotti Slovakia

Company/Organisation:
Badinotti Slovakia

Geographic Location

Country: Slovakia
Region: Kosicky kraj; Vychodne Slovensko
Location of affected unit(s): Rožňava

Company

Sector: Manufacturing
Manufacture of textiles, apparel, leather and related products
13.9 - Manufacture of other textiles
Group: Badinotti

Employment Effects

Announcement Date: 18-09-2006
Type of Restructuring: Business expansion
Employment Effect Start: 18-09-2006
Foreseen End Date: 28-02-2007
Planned Job Creation: 190

Additional Information

Italian company Badinotti, one of the largest producers of nets for industry and sports, decided to relocate its production to Slovakia. Badinotti will invest more than SKK 150 million in order to increase its competitiveness in the world market, especially against Asian producers. According to Badinotti Slovakia's CEO Paolo Tizzoni, company management decided for Slovakia because of its suitable geographic location, availability of cheap workforce and a favourable business environment. Badinotti's nets production technology is rather labour demanding and around 190 new jobs will be created in the new production plant. Badinotti plans to produce more nets there than in Italy. The company management would like to achieve an annual turnover of about SKK 500 million in the new subsidiary. The company has not asked for any state aid yet.