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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
100 jobs Number of planned job creations
Announcement Date
29 March 2005
Employment effect (start)
30 November 2006
Foreseen end date
Description
German company Flott will invest 45 million SKK to build-up a new production unit in Slovakia. Flott subsidiary will produce different types of drilling and grinding machines and other powered tools for the machinery industry. The new investment comes as an answer to the increasing market demands for such products in central European region. Annual turnover of the subsidiary is assumed to amount 300 million SKK.
In early 2006, company management decided to extend its operation in Slovakia.further production will be relocated to Slovakia and a new production and logistic unit, which includes sale and service centre for central and eastern Europe, will be established there too.
Sources
9 January 2006: Hospodárske noviny
29 March 2005: Hospodárske noviny
Citation
Eurofound (2005), Flott, Business expansion in Slovakia, factsheet number 61386, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61386.
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