EMCC European Monitoring Centre on Change

ZF Levice

Company/Organisation:
ZF Levice

Geographic Location

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

Company

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

Employment Effects

Announcement Date: 21-04-2008
Type of Restructuring: Business expansion
Foreseen End Date: 18-04-2008
Planned Job Creation: 475

Additional Information

ZF Friedrichshafen, which produces components for chassis and transmission systems mainly for Kia Motors, Volkswagen and PSA Peugeot-Citroën, has created 475 jobs at its new production plant in Levice-Géňa industrial park. According to the president of the ZF Board, Hans-Georg Härter, this is the first stage of the German company’s business expansion in the park. The Greenfield investment amounted to Euro 30 million and company management has announced that it plans to increase the investment by a further Euro 50 million and will create a further 1,100 new jobs there by the end of 2011.