Archive, July 2006
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Baumann Springs to invest in Moravia-Silesia Region
26 Jul. 2006 | CzechInvestThe celebratory start of construction of Baumann Springs new plant took place today in Karvina (Moravia-Silesia Region). With its origins in Switzerland, Baumann Springs operates branches around the world and specializes in the production of technical springs, wire forms and stampings. The investment in construction and purchase of technologies should reach 3,8 million euros. Production should begin at the end of this year.
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SCHOTT investing over 34 million euro in modernization of production
25 Jul. 2006 | CzechInvestSCHOTT CR, a.s. a subsidiary of SCHOTT group, is planning modernization through expansion of its plant in Valasske Mezirici at a cost of over 34 million euro. In connection with this, the company plans to completely revamp its production program, which in the long-term will ensure work for more than 200 people.
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CzechInvest’s Japan office has new director
25 Jul. 2006 | CzechInvestBeginning this month, CzechInvest’s Japan office in Yokohama will be lead by Ondrej Votruba, whose predecessor, Jan Kubicek, is returning to Prague in order to head a group of projects focused on the Triangle industrial zone in Zatec.
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The Czech Republic attracted a record 2.8 billion dollars of foreign direct investment in the first half of 2006
19 Jul. 2006 | CzechInvestIn the first half of 2006 The Investment and Business Development Agency CzechInvest, mediated a total of 84 new foreign and domestic investment projects worth over 2.8 billion dollars (over 70 billion crowns*). This figure approaches the volume of investment successfully gained throughout the whole of last year. Thanks to these investment projects, more than 17.5 thousand new jobs will be created in the Czech Republic in coming years.
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Hitachi to establish new company in the Czech Republic
12 Jul. 2006 | CzechInvestThe Japanese company Hitachi confirmed its intention to acquire a site in the Triangle industrial zone and to establish a company in the Czech Republic with the purpose of manufacturing flat-panel televisions. The decision on the plant is subject to ongoing discussions with the Czech Government and regional authorities on the supply of labour and certain other conditions. It could employ up to 2,000 people in the Zatec area, and would be one of the largest Japanese investments in the Czech Republic.
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CzechInvest presenting at SEMICON West 2006
10 Jul. 2006 | CzechInvestWith its tradition in the semiconductor industry dating back to the 1960s, an existing fab in operation that is ranked among the best plants of an international semiconductor company and one of the largest individual IC design groups in the CEEregion, the Czech Republic rightfully belongs among the participants in this year‘s SEMICON West trade fair. Taking place from July 10th to 14th in San Francisco, Semicon West is focused on the area of semiconductor equipment and materials. It is here that CzechInvest is presenting the semiconductor sector and its potential in the Czech Republic.
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Monhtly Newsletter - June 2006
3 Jul. 2006 | CzechInvestHEADLINE NEWS CR is 7th most attractive country for investors According to a survey carried out by consulting firm Ernst & Young, the Czech Republic is the world’s seventh most attractive country for investors. The ranking is led by the USA and China. Europe remains the most interesting region for investors. Western Europe was one of the three most attractive regions according to 68% of the 1,019 investors surveyed. Central and Eastern Europe was named by 52% of respondents.
