The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
420 jobs Number of planned job creations
Announcement Date
3 February 2005
Employment effect (start)
1 March 2005
Foreseen end date
30 June 2005
Description
Molex Slovakia will build its own Research & Development unit and expand its production. After five years of operation, Molex subsidiary in the Kechnec industrial zone became the biggest Molex plant in Europe. New investment is motivated by increasing demands of expanding mobile phone and automotive industry. Molex Slovakia increased its sales volume from 400 million SKK in 2003 to 1.3 billion SKK in 2004. About 55% of total sale is shared by the automotive industry and almost 20% is shared by production of mobile phones.
Company invested 47 million SKK and achieved more than 500 million SKK sales revenue in July-November 2005 period. New investment supported the projects aimed at transfering some production from Portugal.
Sources
19 December 2005: Hospodárske noviny
3 February 2005: Hospodárske noviny
Citation
Eurofound (2005), Molex Slovakia, Business expansion in Slovakia, factsheet number 61112, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61112.
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