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
HP (NYSE:HPQ) today announced financial results for its first fiscal quarter ended Jan. 31, 2009, with net revenue of $28.8 billion, up 1% from a year earlier and up 4% when adjusted for the effects of currency.
more »
Saddled with an ongoing housing crisis, rising unemployment and an arguably flawed system of balancing the budget, California's "Golden dream" has turned a dismal shade of gray.
more »
ATM software provider Level Four Americas LLC found in a recent survey that 67 percent of U.S. adults who use financial institution with ATMs would be likely to switch FIs after an instance of ATM fraud or a data breach.
more »
As designers put the finishing touches to their collections ahead of this year New York fashion week, the recession is on everyone's minds.
more »
On February 17 - March 13 this year, AB Bank SNORAS distributes one-year bonds with the fixed 11 per cent annual return, which can be regained after keeping the bonds for at least 28 days.
more »
Europe's controversial fishing policy was under scrutiny Tuesday at a public hearing in Parliament about its future shape.
more »
The European Commission has approved, under EC Treaty state aid rules, a Swedish aid scheme intended to bolster the financing of the real economy by providing capital to banks.
more »
During the draw another five winners of the Danske Bankas monthly Scholarship award were announced.
more »
In the special action of Bank SNORAS the participating depositors were presented 12 monetary prizes whose value reaches from 1 up to 50 thousand Litas.
more »
Solid performance despite rapid economic slowdown.
more »