ERJ staff report (BC)
Prague – Continental AG plans to expand its Slovak operations in an investment the Slovak government says is worth €250m ($326 million), reports Jan Lopatka for Reuters.
The plan should create 600 jobs at the firm's operations in Puchov in western Slovakia, the government said.
Continental spokesman Alexander Bahlmann is reported as confirming a memorandum would be signed, but declined to comment on the volume of the investment or the number of jobs, saying the plan would be implemented gradually, according to market conditions.
He said if the project was fully implemented, annual capacity at the Puchov plant would rise by 5 million tyres, compared with 11 million made last year.
Slovak media have reported the government was prepared to provide unspecified aid to secure the investment.
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Full story from Reuters