Dutch hi-tech cable manufacturer Neways opened €28m plant in Nová Dubnica

Dutch hi-tech cable manufacturer Neways opened a new €28m plant in Nová Dubnica. It will move production from its two existing plants in the city to the new facility and increase its workforce by 400 to 1,100 over two years. Its clients include Dutch ASML, whose lithographic plates are key to the global chip industry. (openiazoch.sk) Last year, the company increased its net profit in Slovakia by 53% to €1m and sales by 81% to €31.9m.