EMCC European Monitoring Centre on Change

Howe Leather

Company/Organisation:
Howe Leather

Geographic Location

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

Company

Sector: Manufacturing
Other manufacturing, and repair and installation of machinery and equipment
31 - Manufacture of furniture
Group: Howe Leather

Employment Effects

Announcement Date: 01-03-2005
Type of Restructuring: Business expansion
Employment Effect Start: 30-04-2005
Foreseen End Date: 31-12-2005
Planned Job Creation: 300

Additional Information

Australian Howe Leather will set up a head office for Europe and a production unit in Kosice, East Slovakia. New investment of about €1 million will produce leather seats for motor vehicles. Full production will be exported, mostly supplied to Land Rover, Audi and BMW motorcar producers. Company management expects an annual turnover of about €30 million, to be doubled before 2007.