EMCC European Monitoring Centre on Change

Kouei International

Company/Organisation:
Kouei International

Geographic Location

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

Company

Sector: Utilities
Water supply; sewerage, waste management and remediation activities
38.32 - Recovery of sorted materials

Employment Effects

Announcement Date: 16-12-2004
Type of Restructuring: Business expansion
Employment Effect Start: 01-04-2005
Foreseen End Date: 31-12-2009
Planned Job Creation: 200

Additional Information

Canadian Kouei International will invest €22.5 million in recycling technologies in Slovakia during the next five years. Used tyres and later on polyethylene bottles will be recycled in the new plant. According to Director General John Novak, the low taxation, qualified labour force and grounds available in the region were the most attractive factors for allocation of the new investment. An updated technology, keeping high American and Japanese environmental standards, will be used there for the first time in Europe. Slovak Ministry of Economy assumes he will provide an investment stimulus of about €3 million too.