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Turkish Investor Comes to Smolenice to Produce Painting Materials
Thursday 01 April 2010 Zoom in | Print page
Smolenice, April 1 (TASR) - A joint Slovak-Turkish company called IBA Chemolak, which was set up by Chemolak Smolenice (Trnava region) and IBA Kimya from Ankara, began operations aimed at producing powdered painting materials in Smolenice on Thursday.
The investments of Chemolak and IBA Kimya amount to €500,000 each, said marketing department director Marian Gombik.
"Turkey's biggest producer of powdered painting materials looked for an experienced producer of this commodity in the (Central-European) region. The (Turkish) company through the transfer of part of its technologies and know-how to Slovakia prepared the ground for a planned increase in production, as the output from the joint company will head to markets in Central and Eastern Europe," Gombik told TASR.
The new company began operating in Chemolak's existing premises, using both original and freshly-hired personnel. "The prospects for future growth tie in with increasing employment," said Gombik.
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