EMCC European Monitoring Centre on Change

Glacier Slovakia

Company/Organisation:
Glacier Slovakia

Geographic Location

Country: Slovakia
Region: Zilinsky kraj; Stredne Slovensko
Location of affected unit(s): Martin/Sučany

Company

Sector: Manufacturing
Manufacture of transport equipment
29 - Manufacture of motor vehicles, trailers and semi-trailers
Group: Glacier Garlock Bearings

Employment Effects

Announcement Date: 15-04-2004
Type of Restructuring: Business expansion
Foreseen End Date: 31-12-2004
Planned Job Creation: 200

Additional Information

Glacier Garlock Bearings, which is a member of the US EnPro Industries corporation, decided for a 12 million euro Greenfield investment in the Sučany industrial zone nearby the Martin industrial park. The company plans to start production in the new plant by the end of 2004. About 200 jobs will be created in a first stage. Glacier Garlock Bearings relocates the production from its units in France, Scotland and Dolný Kubín in Slovakia. According to John Russell, the empowered manager for the new investment, the new plant in Sučany will play a key role in the company’s Central and East European business strategy.