FTE to expand its plant in Prešov

The Economy Ministry proposed a €17.5m investment incentive (tax relief) for a €35.1m investment by the French automotive supplier FTE in the expansion of its plant near Prešov. New air conditioning production will create 365 jobs by 2028. FTE, which belongs to the Valeo group, has already received a €0.5m incentive in 2020. The plant currently produces braking systems, and last year posted sales of €32.6m.

(teraz.sk)