German car component supplier Roechling Automotive opened a new facility in Kockovce nearby Nove Mesto nad Vahom in July 2019. The company, which entered the Slovak market in September 2017, plans to create jobs for 120 people by the end of 2020. Investments amounted to €12 million for the construction of the production hall and €10 million for technologies. The new hall provides 3,000 square metres of production area and 4,800 square metres of logistic premises. From the beginning of last year, the company has been granted a 10-year tax holiday from the government.
According to the company's management, labour force is required despite the fact that production processes are mostly automated. Moreover, the company maintains that the choice of Slovakia was not motivated by labour costs, but by labour flexibility to meet the company's goals and expectations. The factory supplies its products to carmakers in Slovakia and Hungary.