Dongil Rubber Belt

Type
Business expansion
Country
Slovakia
Region
Slovensko; Západné Slovensko; Trenčiansky kraj
Location of affected unit(s)
Považská Bystrica
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
250 jobs
Number of planned job creations
Job creation
Announcement Date
4 October 2005
Employment effect (start)
31 December 2005
Foreseen end date

Description

South Korean Dongil Rubber Belt will invest around SKK 390 million in order to establish its new subsidiary in Slovakia. The company follows seven other South Korean companies, which came to the country to operate as subcontractors for Kia Motors Company in Žilina region. New production plant will be allocated nearby the region in the production premises where the former engineering company Považské Strojárne has operated.

Sources

  • 4 October 2005: Pravda

Citation

Eurofound (2005), Dongil Rubber Belt, Business expansion in Slovakia, factsheet number 62377, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62377.