EMCC European Monitoring Centre on Change

Nemak Czech Republic s.r.o.

Company/Organisation:
Nemak Czech Republic s.r.o.

Geographic Location

Country: Czechia
Region: Ustecky; Severozapad

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Group: Nemak

Employment Effects

Announcement Date: 21-09-2005
Type of Restructuring: Business expansion
Foreseen End Date: 31-12-2015
Planned Job Creation: 1300

Additional Information

Mexican company Nemak, specializing in the production of aluminium cylinder head and block castings used by the automotive industry for the production of internal combustion engines, has selected the Czech Republic as a part of globalization strategy and company goal to meet the needs of European customers. The main intention of the company, operating in industrial zone Joseph (Havraň) near the city Most (North Bohemia) since 2003, is to create more than 500 jobs with investment of CZK2 billion by 2010 and to employ more than 1,300 people by 2015 with a further investment amounting to CZK7 billion . Nemak has been given CZK68 million from Czech authorities as a state allocation for new jobs creation and 10-year tax holiday.