Banskobystricky kraj; Stredne Slovensko
Location of affected unit(s):
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Type of Restructuring:
Employment Effect Start:
Foreseen End Date:
Planned Job Creation:
Continental Corporation decided to invest 60 million between 2004 and 2008 in Slovakia. A new production unit, Teves, will manufacture elements of car breaks for the expanding automotive industry in the region. Low local labour cost was the main decisive factor considered for the investment.
In February 2006, the Slovak Government decided to support the project by providing a state aid amounting to SKK 413.5 million.