EMCC European Monitoring Centre on Change

Nuritech SK

Company/Organisation:
Nuritech SK

Geographic Location

Country: Slovakia
Region: Nitriansky kraj; Zapadne Slovensko
Location of affected unit(s): Hurbanovo

Company

Sector: Manufacturing
Manufacture of electrical equipment
27 - Manufacture of electrical equipment
Group: Nuritech Global

Employment Effects

Announcement Date: 15-01-2005
Type of Restructuring: Business expansion
Employment Effect Start: 01-07-2005
Planned Job Creation: 450

Additional Information

Nuritech, sister company of the Samsung group, will invest €8 million in Slovakia. According to Jin Woo Kim, the managing director of Nuritech Slovakia, the decision of investing was based on good experiences of Samsung Electronics operating in Slovakia and, available qualified labour force. The city of Hurbanovo expects about 8 million SKK state allowance for regional development too.