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
Motorola, Inc. today reported sales of $7.5 billion in the third quarter of 2008.
more »
The global financial crisis has already battered many European banks. Now it is hitting the EU auto industry, the world’s largest producer of motor vehicles.
more »
The European Commission has approved, under EC Treaty state aid rules, a German rescue package intended to stabilise financial markets by providing capital and guarantees to eligible financial institutions.
more »
A new report by the European Commission has assessed the competitiveness of the European Union in the global economy at the end of a decade of rapid economic change.
more »
Revenue surpasses $15 billion with healthy sales of enterprise software and Xbox 360 consoles.
more »
Airport charges are one of the hidden costs of flying and usually they are passed on from airlines to passengers.
more »
US and European leaders agree to series of summits on world finance.
more »
On Monday MEPs will debate a recovery plan for cod stocks in the North Sea and West Scotland. With over 70% of the world’s fish species already fully exploited or depleted, fisheries faces a crisis.
more »
A new study released by the European Commission today confirms the trend towards more private pension provision in the EU but highlights the need for inclusive coverage and adequate pension levels.
more »
Thursday, October 16, Brussels. President of the Republic of Lithuania Valdas Adamkus attended the second day session of the European Council meeting.
more »