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 Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
150 jobs Number of planned job creations
Announcement Date
11 January 2007
Employment effect (start)
Foreseen end date
31 December 2008
Description
ICS-Industrial Cables Slovakia started the trial production in the new production unit in Slovakia in January 2007. ICS Company, which is a part of Austrian holding SKB, will produce special cables for different industrial branches. New investment in amount of €10 million will create 90 new jobs till the end of 2007. Another 60 new jobs would be created there in 2008, when the next production shop will be opened. Different sorts of standardized flexible cables used in machinery technologies and equipments as well as in the electrical industry will represent around 70% of the production. The rest of the products will be designed according to the demand of individual customers, e.g. for cranes, lifts. Highly sophisticated technology will be used in the new plant in which, however, no cables for the automotive industry will be produced.
It is assumed that in February also Fiber-Components-Slovakia Company, which is also a daughter company of SKB, will operate in the industrial park Nitra-Nord. Another 20 new jobs would be created there.
Sources
11 January 2007: Hospodárske noviny
Citation
Eurofound (2007), ICS - Industrial Cables Slovakia, Business expansion in Slovakia, factsheet number 64729, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64729.
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