Yaskawa breaks ground for Slovenian robot factory

Yaskawa breaks ground for Slovenian robot factory
By bne IntelliNews November 3, 2017

Japan’s Yaskawa formally launched construction of its €25mn robotics factory in Slovenia’s Kočevje on November 2. 

The new factory will supply around 80% of Europe’s needs for industrial robots, according to a government statement. The company also plans to open a research and development centre in Slovenia, which will work with local universities and research institutes. 

Prime Minister Miro Cerar said at the groundbreaking ceremony that Slovenia “is becoming the centre of robotics development in Europe and beyond”. 

The government worked hard to persuade Yaskawa, which was considering several locations in CEE, to opt for Slovenia. As part of this strategy, Ljubljana has contributed €5.6mn to the investment in non-refundable incentives.

In return, the investment will help Slovenia to build up its high-tech sector — Cerar recently said he wanted to turn the country into Eastern Europe’s blockchain centre — as well as creating at least 200 jobs in the area. 

Having secured the investment from Yaskawa and come close to securing a new commitment from Canadian auto components manufacturer Magna, the Slovenian government is now looking to persuade more international investors to set up in the country, stressing its location, educated and capable workforce and stable political situation. 

 
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Slovenia’s NLB mulls dual listing in London and Ljubljana

Slovenian banking group Nova Ljubljanska banka (NLB) announced on October 8 that it is considering a dual listing  the Ljubljana Stock Exchange (LJSE) and the London Stock Exchange (LSE). NLB ... more

Land sales by Slovenia’s ‘bad bank’ under investigation

Several controversial land transactions carried out by Slovenia’s Bank Asset Management Company (BAMC), the country’s so called bad bank, are being investigated by the police and are subject to ... more

Slovenian president speaks out amid furore over rival politician’s masked militia

Slovenian President Borut Pahor expressed great concern over the existence of an armed group led by one of his rivals for the presidency in the 2017 election, the presidential office said on ... more

Most Read

  1. IMF ranks Ukraine as Europe's poorest country
    7 days ago
  2. Russia's Sberbank reportedly seeks a blocking stake in internet major Yandex
    4 days ago
  3. World’s biggest uranium miner Kazatomprom to IPO 25% stake
    7 days ago
  4. Russia Inc is more profitable than in 2008 and heading for a record-breaking current account surplus
    11 days ago
  5. Romania ranked worst among EU countries on Social Progress Index
    7 days ago
  1. Turkish lira at new all-time low in Real Effective Exchange Rate terms
    18 days ago
  2. Albania beats EU nations on renewable energy
    13 days ago
  3. Political row as Turkey calls in McKinsey to help solve economic woes
    21 days ago
  4. Russia hints at plans to contest Macedonia name deal through the UN
    19 days ago
  5. IMF ranks Ukraine as Europe's poorest country
    7 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss