CTS Corporation

Type
Business expansion
Country
Czechia
Region
Česko; Moravskoslezsko;
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
160 jobs
Number of planned job creations
Job creation
Announcement Date
2 January 2006
Employment effect (start)
Foreseen end date
31 December 2009

Description

American CTS Corporation, a global supplier of electronic and sensor products for the automotive industry, has decided to build a new production facility in the industrial zone of Ostrava-Hrabová. The investment of nearly 500 million CZK will create more than 160 new jobs by 2009. After Great Britain, the Czech Republic is the second country where the company invest into a new plant.

Sources

Citation

Eurofound (2006), CTS Corporation, Business expansion in Czechia, factsheet number 62784, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62784.