High-Tech Mechanical Engineering

Sector Overview

With a production base of more than 1,100 companies, the sector supplies complete equipment and machinery (including turbines, transportation and air-conditioning equipment; agricultural, food-processing and construction machinery; and machine tools) while also engineering household goods. Well-known domestic leaders include Škoda Holding, Vítkovice Holding, Bonatrans Group, ČKD Blansko Holding, TOS Varnsdorf, Tajmac-ZPS, Třinecké železárny–Moravia Steel, První brněnská strojírna, Wikov etc.

Czech companies and research institutions specialize in the following:

• Power engineering
• Transport engineering
• Machine-Tool
• Metallurgy
• Metal construction and components

Why To Invest

• Strategic position in Central Europe, direct transport access to the EU market of nearly 500 million consumers
• 300 years of academic engineering education in the Czech Republic – continuity of sharing premium-level technological know-how
• Highly educated and skilled workforce, good access to technically educated university graduates – over 5,000 mechanical engineers graduating every year
• High concentration of mechanical engineering companies allowing easy identification of business partners and suppliers
• Positive approach of the Czech Government, investment support covering up to 60% of eligible costs through a transparent system of investment incentives
• Highly developed transport infrastructure
• The most advanced telecommunications infrastructure within the CEE region, creating conditions for establishing a regional software hub, thus supporting future material research and precision mechanical engineering
• First–class support from CzechInvest

Labour Costs

Hourly Compensation Costs in Manufacturing, Year 2011 in USD

Source: Bureau of Labour Statistics USA, 2013

Contact:

Should you be interested in more information please do not hesitate to contact us at engineering@czechinvest.org

See more information about upcoming events at http://www.czengineering.com/