Two leading automotive part manufacturers are investing in new production plants and expansions in Slovakia, according to the Slovak Spectator.
The daily reported 24 Jan that Rochling Automotive Slovakia is investing €17m in building a new plant for producing plastic automotive parts.
As part of this, the company has asked the government for a €1m investment grant as income tax allowance.
The new plant will be built in the village of Kocovce, in the north-western district of Nové Mesto nad Váhom district, the report added.
Rochling expects to create 77 new jobs by the end of 2020 as a result of the investment.
Additionally, ZF Slovakia is also asking for a €4.25m tax relief to expand its production facility in Levice, in central Slovakia.
The plant, according to the Slovak Spectator, produces “conventional shock absorbers” and the expansion will add a new portfolio of “adaptive shock absorbers” to the mix.
ZF, too, is investing €17 million in the plant.