SLOVAKIA: VW completes new press hall construction
Volkswagen Slovakia has completed the construction phase of its new press hall.
The spend of EUR90m will create about 100 jobs once it is completed, local news agency SITA reported.
"This will be the first press in an automobile factory in Slovakia that will press not only steel but also aluminum sheets," said local VW chairman Albrecht Reimold. The new press shops will produce side panels, bonnets, tailgates and boot lids, roofs, fenders and doors.
The 19,000 sq m shop will have production capacity of about 19,000 parts when ready at the end of 2013. Construction began at the end of October 2011.
Volkswagen Slovakia has operated for over twenty years and, since 1991, has produced over 3m vehicles. It now employs over 8,400 people.
The factory the Volkswagen Touareg and up!, Audi Q7, Skoda Citigo and Mii and Porsche Cayenne bodies. In Martin it makes gearboxes and chassis and transmission components and, in Kosice, vehicles are prepared for export to Russia.
In 2011, Volkswagen Slovakia produced more than 210,000 vehicles. The company's turnover last year reached EUR5.19bn. Almost all its output is exported.