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British Company Announces Investment in Eastern Slovakia
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Monday, 05 September 2005
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London-based company S.T.B. Advanced Technology announced on Monday that it intends to invest in Slovakia in the field of advanced technology, and create some 4,000-5,000 new jobs.
"In the second half of 2006, the company will begin to realise an investment worth €1 billion (Sk38.5 billion) in eastern Slovakia, probably in the Kosice or Presov region," S.T.B. spokesman Jan Immer told SLOVAKIA on Monday. Among other activities, the company specialises in the funding of research and development, as it owns unique patents for the most advanced technology, said Immer.
S.T.B. Advanced Technology plans to build and begin operating two plants in the space of two years. One plant will produce electronic and semi-conducting silicon, while the other will produce pure titanium. This will make Slovakia one of the world's top producers of this strategic metal.
According to Immer, in years to come the company plans to build yet more plants producing magnesium- and boron-based products, as well as its own research and development centre. Slovak companies will be hired to carry out the construction work, he added. Source: TASR.sk
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