Embraco Slovakia opens EUR 13.5mn assembly line.

By bne IntelliNews June 6, 2011
Refrigerator compressors producer Embraco Slovakia launched a EUR 13.5mn assembly line at its plant in Spisska Nova Ves, eastern Slovakia, TASR news agency reported. The new line, whose construction started in May 2010, will create 300 jobs. The company received almost EUR 6.9mn in state support for the project. The subsidy for new job creation was EUR 1.5mn, the tax relief is estimated at around EUR 2.3mn in 2012-2014 and EUR 2.7mn were given for assets acquisition. Embraco Slovakia is the local unit of Brasilian Embraco, a leading producer of compressors for refrigeration. Embraco, a subsidiary of Whirlpool, employs 1,800 people at its Slovak plant. The company directly employs about 9,600 people in six countries - Brazil, China, Italy, Slovakia, USA and Mexico, according to information on its website.

Related Articles

Slovakia one of possible locations for new BMW plant.

German car maker BMW considers building a new plant in eastern Europe and Slovakia is one of the potential locations, Hospodarske Noviny business daily reported citing BMW's board member Ian ... more

Slovakia jobless rate edges down to 14.7% in February 2013.

Slovakia's unemployment rate in February 2013 fell for the first time in six months going down to 14.7% from 14.8% in January when it reached its highest level in more than 8.5 years, data from ... more

Frances CCN Group considers new plant in Slovakia - report.

France-based CCN Group, a supplier of components for turbines and automobiles, considers building a new plant in Slovakia in the town of Belusa, Hospodarske Noviny daily reported citing unnamed ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss