Addressing the ceremony on Tuesday, the company's CEO Andrej Baškovič said the investment created 65 new jobs. These included, the company employs 140 people.

The components will be supplied to the Austrian-Canadian car manufacturer Magna. Treves has already been manufacturing similar components for the compact SUV Jaguar E-Pace model since last year.

Treves's focus is on products for acoustic isolation inside the car boot, drive train and chassis. Treves also provides new solutions in working materials used to reduce noise levels.

The company plans to increase sales revenue from EUR 17m to EUR 20m with projections for slight growth in sales for the coming years. No new hirings are planned, except to replace those who leave.

The company's production is highly automated and robotised. Next week a new robot will be added to the current 13.

About half of the staff are production operators, one in four supports production and the remaining 25% work in management or research and development.

Treves supplies interiors and floor carpeting for Renault, Mercedes Smart, Fiat and Jaguar cars and is now expanding into premium car makes. Their major client is Revoz, the Slovenian subsidiary of Renault.

Treves was incorporated in 2005 by the French family-run global business that has the same name.