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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
300 jobs Number of planned job creations
Announcement Date
20 February 2006
Employment effect (start)
Foreseen end date
31 December 2006
Description
A new South-Korean investor, Hanil E-Hwa, came to Slovakia to participate in the automotive industry boom. Hanil E-Hwa Company decided to establish its subsidiary in the same area where also other South-Korean investor Dongil Rubber Belt Company will operate. Dongil Company will also participate in the new investment of around €40 million. The new production plant will supply complete sets to car interiors for KIA Slovakia in Žilina. Later on the production capacity will be extended and the products will be supplied also for Hyundai plant, which will be established in the Czech Republic.
Sources
20 February 2006: Hospodárske noviny
Citation
Eurofound (2006), Hanil E-Hwa, Business expansion in Slovakia, factsheet number 62983, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62983.
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