Japan's Asmo Co. Ltd. will build a 400 million koruna automotive component plant in the Czech Republic
Published:
11 March 2004 y., Thursday
Japan's Asmo Co. Ltd. will build a 400 million koruna ($ 1=CZK26.8) automotive component plant in the Czech Republic, Asmo and the Czech state-run investment agency CzechInvest said Tuesday.
Asmo will start production of power window regulator motors, blower motors for air conditioner units and motors for throttle valve controls in May 2005, the company said in a statement.
The company expects the new plant to generate up to 240 jobs by 2010 and annual sales of about EUR43 million.
In recent years, the Czech Republic has attracted investments from scores of car components makers in part due to incentives, including tax breaks and free sites. Investors are also attracted by qualified, cheap labor and a thriving car manufacturing sector in the region.
Šaltinis:
Dow Jones Business News
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
New rules for the EU's single market will make it easier to live and do business anywhere in Europe.
more »
MEPs were disappointed that the Commission's EU budget review document had not sought the radical revision that the EU needs, they told Budgets Commissioner Janusz Lewandowski in a Policy Challenges Committee debate on Thursday.
more »
On 25 October, the Commission adopted the decision to financially support the 2011 electoral process in the Central African Republic.
more »
New EU framework for crisis management in the financial sector for managing problems before they spiral out of control.
more »
The financial crisis laid bare the limits of self-regulation, demonstrating the need for strong EU economic governance, surveillance and policy co-ordination, say two non-legislative resolutions voted by Parliament on Wednesday.
more »
The European Commission has approved an application from Germany for assistance from the European Globalisation adjustment Fund (EGF).
more »
Global and EU- level taxes on financial sector would help to fund international challenges such as development or climate change and fix the fallout from the global economic crisis.
more »
The European Investment Bank and African Development Bank today agreed to provide EUR 45m to design, build and operate onshore wind farms on four islands in the Cape Verde archipelago.
more »
MEPs want future EU budgets to accommodate new policy priorities as well as negotiations on new sources of financing.
more »
The European Parliament's Budgets Committee on Monday backed EU funding for 3,731 workers in Portugal, the Netherlands, Spain and Denmark who were made redundant due to the closure of their companies.
more »