Gov't: ZF Slovakia to Receive Incentive of €11.25 mn to Modernise Production

2. mája 2024 16:13
Bratislava, May 2 (TASR) - Automotive components manufacturer ZF Slovakia is planning to diversify the production in its plant in Trnava and start to manufacture 400- and 800-volt electric motors, and it also plans to expand its existing technology centre, according to the proposal to provide investment aid, which the government approved at its session on Wednesday. The company will receive a state investment incentive of €11.25 million via corporate-tax relief for a project worth more than €132 million. "The subject of the beneficiary's investment plan is a fundamental change in the production process of the existing industrial production plant and partial diversification of production, which will enable the production of electric motors," the Economy Ministry wrote in the document, adding that the condition for granting the investment aid is to maintain last year's average number of 1,331 jobs. am/mcs/ko
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