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LG already has two plants in Slovakia

South Korean firm LG paid €1.1bn to acquire ZKW, the Austrian maker of electronics and lights for the automotive sector. The Austrians have a 2,500-strong plant in Krušovce near Topoľčany. In 2016, the plant improved its net profit 65% to €14.3m and its sales soared 54% to €354.9m. LG intends to be among the TOP10 global automotive suppliers by 2025.

Last year, LG acquired a 50.1% stake in c2i Dunajská Streda for €40m. c2i makes carbon parts for the automotive and aviation sectors.

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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