EMCC European Monitoring Centre on Change

ZF Sachs

Company/Organisation:
ZF Sachs

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

Employment Effects

Announcement Date: 16-11-2006
Type of Restructuring: Business expansion
Employment Effect Start: 01-07-2007
Foreseen End Date: 31-12-2011
Planned Job Creation: 1100

Additional Information

German ZF Sachs Corporation, which is one of the biggest European producers of components for motor vehicles, expands its business in Slovakia. Company management decided to invest around EUR 75 million in order to establish a new production plant in Levice industrial park (previously a huge Hankook's greenfield investment was planned there). Components for car chassis and transmission elements will be produced in the new plant, which is expected to be completed in the first half of 2007. Employment will grow gradually and up to 1,100 new jobs will be created there in the next five years.