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As part of the newly planned investments, the South Korean firm is aiming to take on 200 new workers at the factory.

Leading provider of international relocation, Interdean, has reported on the recent investment in Slovakia made by the South Korean company Hundai Mobis.

The South Korean car part maker has unveiled new plans to invest around €21million in modernising and expanding the output of its production facility in Slovakia’s northern region of Gbel’any. This investment signifies a huge increase in comparison to only a year earlier. It was released by the Slovak Investment and Trade Development Agency that last year Hyundai Mobil invested only 13m in the plant. As part of the newly planned investments, the South Korean firm is aiming to take on 200 new workers at the factory.

In 2014 alone, Hyundai Mobis posted revenues of around €1.4bn into the local Slovakian market. With the new investment in place, the company are aiming to expand their revenues by over 14% to around €1.6bn, according to the data collected by the Slovak Investment and Trade Development Agency. Hyundai Mobis produces a wide range of car components out of plastics and other materials. They are famous for creates bumpers, carriers, panels and many more automotive parts.

As experts in international relocation, Interdean takes a keen interest in relevant industry news. A spokesperson from the company made the following statement: “It is fantastic to hear that such huge investments are being made in Slovakia. The foreign investments in the automotive industry have played a huge part in boosting the Slovakian economy in recent years. It has also provided many locals and expatriates with job opportunities. The country is now benefiting from a steady year on year economic growth.

“Those who are looking to relocate to Slovakia can feel encouraged by the profitable developments that are occurring there. The automotive industry is huge and plays a significant role in providing jobs throughout the region. Expatriates who are interested in the industry can feel that Slovakia is excellent location to kick start a career.”

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This press release was distributed by ResponseSource Press Release Wire on behalf of Interdean UK in the following categories: Motoring, Travel, Transport & Logistics, for more information visit http://pressreleasewire.responsesource.com/about.