The Slovenia Times

Incentive contract for Magna to be signed in two weeks

Nekategorizirano


Magna's Graz subsidiary Magna Steyr, which was promised the incentive by the government in March, is expected to get the construction permit for the first phase of the project, the paint shop, in the coming days.

The value of the first stage, which should created slightly over 400 jobs, is estimated at EUR 146.4m.

Another 1,500 jobs are expected in the second phase - this means the fulfilment of the criterion of at least 1,000 jobs, which is a condition for incentives for strategic investments.

The combined value of the first two phases is estimated at over EUR 450m, with two more phases envisaged provided there is sufficient demand on the market.

The final goal is to set up a comprehensive auto facility in the vicinity of the Maribor airport that would supplement Magna's location in nearby Graz.

The construction work for the first phase is expected to be completed by the end of October, with Murska Sobota-based builder Pomgrad announced as the main contractor.

Share:

More from Nekategorizirano