Kia Motors Slovakia to introduce third shift in Q1 2012 to meet rising demand.

By bne IntelliNews September 19, 2011
Kia Motors Slovakia will introduce a third working shift at its plant in Zilina in the first quarter of 2012 to meet rising demand, webnoviny.sk informed citing company spokesman Dusan Dvorak. The move will create about 1,000 new jobs at the Zilina plant and additional working places in Kia'a suppliers. The car producer expects plans to launch a new brand model in 2012. The company reported a net profit of EUR 42.9mn in 2010 up from EUR 25.9mn in the previous year on the back of strong sales and production. Kia increased its vehicle production by 26% y/y to 134,000 units in the first half of 2011. The company employs more than 3,000 people at its Zilina plant. South Korea's Kia Motors, together with Germany's Volkswagen and France's PSA Peugeot Citroen, which also have production plants in the country, is one of the main drivers of Slovakia's economy.
Read in IntelliNews Pro
Get IntelliNews Pro

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

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    6 days ago
  2. Saudi Arabia to scale back plans for Neom city
    10 days ago
  3. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  4. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    6 days ago
  5. Russia’s war economy boosted by rising oil prices
    4 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    25 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    30 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    23 days ago

Reports

Dismiss