View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 24, 2005

CZECH REPUBLIC: Another new car parts plant announced

US electronic components maker CTS Corporation will invest nearly US$22m in a new plant in eastern Czech Republic, the Czech state agency Czechinvest said on Thursday.

US electronic components maker CTS Corporation will invest nearly US$22m in a new plant in eastern Czech Republic, the Czech state agency Czechinvest said on Thursday.

According to Reuters, it said CTS would hire 160 people over three years for the new plant to be built in Ostrava, the third-biggest Czech city some 220 miles (350 km) east of Prague.

The plant will produce components for the automotive industry, which has been expanding rapidly in the new European Union member country with relatively low labour costs, the report added.

On Monday, CzechInvest said Spain’s Maier Cooperative, which specialises in plastic car parts, would build a plant in Prostejov, 120 miles (250 kilometres) east of Prague.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto