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Who’s in Ostrava.

Who has invested here and what are the indications for the future?

Putting their money where their mouth is

Other investment news

For the most recent companies please go to our news page or our blog.

US based Roper Industries Inc. has decided to invest 24 mil. CZK over the next five years into a new technology centre in Ostrava where it will create 18 highly qualified jobs.

“In Ostrava we will be focusing on projects for the development and innovation of our laboratory instruments. The Ostrava centre will supplement the technology centres of our existing Instrumentation Segment operations located in the U.S., Denmark, Germany and France employing in total almost 1000 people,” commented Will Crocker, Roper’s Vice President and Group Executive for the Instrumentation Segment. “The laboratory instruments produced from the design work there will serve foremost our materialography and physical property testing markets. The results from the product development in Ostrava will be utilized by our segment’s production plants abroad where they will produce the final products.”

The new customer support centre of GE Money Multiservis for Czech and Slovak clients, a subsidiary of one of the largest and most renowned American companies will be located in Ostrava (Moravia-Silesia region) and will provide work for up to 500 qualified staff members. The total investment exceeds three million euro.

“Our primary reason for opening the new centre is the growth of GE Money in the Czech Republic,” says Jiri Pathy, Chairman of the Board and General Director of GE Money Multiservis, the company in charge of developing the new centre within GE Money group. “In order to maintain a high standard of services, we will gradually increase the number of staff who are responsible for operating GE Money group and caring for its customers. The new customer service centre allows us to continue to fully meet our customers‘ needs,” adds Jiri Pathy.

Taiwan-based ASUSTeK COMPUTER INC. is in the process of constructing a new plant and repair center in Ostrava. Investment into the facilities will reach 20 million EUR and eventually at least 1300 employees will work be employed. The centre should produce up to 200 thousand personal computers per month and the capacity of the repair centre should reach 50 thousand computers per month.

“The important factors in deciding on the location of this plant were mainly the preparedness of the industrial park in Ostrava-Hrabová and the proximity to the Technical University of Ostrava with which we intend to closely cooperate. We are interested in their graduates and would like to take part in creating specific study programs for their electrical engineering departments. We are already considering moving part of our technology-driven activities to the Czech Republic,” said George Wu, Associate Vice President of ASUSTeK COMPUTER INC.

The best quality and most beneficial industrial zones in the Czech Republic were handed awards by the Czech ministers. The fifth annual “Industrial Zone of the Year” awards were presented according to the recommendations of the Ministry of Industry & Trade and CzechInvest in cooperation with the Association for Foreign Investment (AFI) and partners in the “Partnership to Support Foreign Direct Investment in the Czech Republic”.

The award for Industrial Zone with the Most Economic Benefits was given to the “Cernovicka terasa” Industrial Zone in Brno, while the Zone with the Most Social Benefit in 2004 was the Ostrava Hrabova Industrial Zone - 1st Stage. The Industrial Zone with the Best Town Planning Solution is being prepared by a private developer in Ostrava -– CTPark Ostrava, and the “Brownfield of the Year” was won by the Skoda Plzen Industrial Zone.

American company CTS Corporation declared plans to invest nearly 22 million dollars into a new facility in the Ostrava region of the Czech Republic. CTS Corporation is a leading designer and producer of electronic components for the automotive and electronics industry. Their main customers are Siemens, Magneti Marelli, Pierburg, Toyota, Renault and Nissan.

The new facility is expected to employ over 160 people within three years.

“This investment in the Czech Republic will enable us to raise our production capacity and better serve the European market, which at present is supplied mainly from our plant in Great Britain,” commented Ron Bell, Director of CTS’s European Automotive Operations, and added: “In the Ostrava facility we will be producing electro – mechanical sub - systems and sensors for the auto industry.”

April 2007: Sungwoo Hitech, a South Korean auto-body part manufacturer, will build a new production shop in the Ostrava-Hrabova industrial zone. The firm plans to double its existing employee base of 800.

May 2007: Pyeong Hwa Automotive , a Korean company, plans to build a factory with 260 staff to manufacture car doors in Cesky Tesin.

May 2007: Rossignol Pierre, from France, will build a strategic center in Ostrava for manufacturing minor automotive parts.

July 2007: Leoš Janácek airport in Mošnov, Ostrava will begin substantial development of the airport. Over the next five years, 12 new international routes will begin to operate including connections to Paris, Brussels, Amsterdam, Zurich, Helsinki, Warsaw, Kiev and Moscow.

October 2007: Car component producer Pyeong Hwa Automotive Czech from South Korea, is currently working on a plant to be completed by May 2008. It will employ 200 people and cooperate with the new Hyundai car plant in Nosovice and the Kia plant in southern Slovakia.