Koyo Steering Systems Czech

Type
Business expansion
Country
Czechia
Region
Česko; Jihozápad;
Location of affected unit(s)
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
500 jobs
Number of planned job creations
Job creation
Announcement Date
12 July 2005
Employment effect (start)
Foreseen end date

Description

Koyo Seiko, a major Japanese automotive component manufacturer, the first world producer of electric power steering, opened a new plant in Plzeň (Pilsen). The project, whose investment into construction and machinery for the modern facility exceeded €20 million, should provide job opportunities for at least 500 people in the coming years.

Sources

Citation

Eurofound (2005), Koyo Steering Systems Czech, Business expansion in Czechia, factsheet number 61985, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61985.