Vítkovice Cylinders

Type
Business expansion
Country
Czechia
Region
Česko; Severovýchod; Liberecký kraj
Location of affected unit(s)
Vítkovice
Sector
Manufacturing
(24 - 25) Manufacture of metals
25 - Manufacture of fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
114 jobs
Number of planned job creations
Job creation
Announcement Date
20 July 2006
Employment effect (start)
31 December 2007
Foreseen end date

Description

Vítkovice Cylinders, the leading world manufacturer of seamless high-pressure steel cylinders, is to build a new processing line focusing on the production of cylinders to be used in gas vehicles. This business expansion of around one billion CZK, including the state support of a half billion CZK, will bring at least 114 employment opportunities. Testing operation is to be launched by the end of 2007.

Sources

  • 20 July 2006: Hospodárske noviny

Citation

Eurofound (2006), Vítkovice Cylinders, Business expansion in Czechia, factsheet number 63797, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63797.