SARIO (The Slovak Investment and Trade Development Agency) supporting the Voice of Slovak Business and CEO of SARIO, Róbert Šimončič quote on the Slovak Market.
More innovations are needed and the CEE region is seeing increasing demand for improved efficiency in the Automotive supply chain, increased R&D capabilities and innovation and these demands all play into the hands of Tier 1 & Tier 2 suppliers. Not only have the three established automotive producers made the core of the Slovak automotive industry but also a well developed and high–quality supplier network. Automotive Suppliers in Slovakia, Tier–1–2 suppliers, also export their products to plants located around Europe and to other overseas locations.
Róbert Šimončič, Chief Executive Officer SARIO spoke about exciting opportunities in Slovakia:
“Slovakia offers great export potential, stable political and economic environment and the common European currency. We believe that Slovak Investment and Trade Development Agency has been contributing to the success of the Slovak economy quite effectively. Under the leadership of the Ministry of Economy, SARIO in close cooperation with other governmental institutions brought important investments to our country and turned Slovakia to a production service and commercial hub of the Central Europe and a preferred location for hundreds of major investors from the US, Asia and Europe mainly in automotive, electronics, SSC and IT/ICT sectors. Our future objective is to attract high value added investments, since Slovakia has a great technological potential.”
The automotive industry has a strong tradition in Slovakia and became the most important sector and driving force of the Slovak economy. Slovakia has grown to become one of the leading car producers in world, primarily thanks to the presence of three world-class automotive companies being established in Slovakia. An expanding car sector is a major driver for Slovakia. With a population of just 5.4 million, Slovakia is the world’s top automaker per capita and is home to plants run by Volkswagen Group, Kia Motors and PSA Group. The Slovakian car industry employs 250,000 people both directly and indirectly, represents 44 percent of the country’s industrial output and most of the production is exported. The UK is Slovakia’s 7th biggest trade partner and cars make up almost half of Slovakia’s exports to Britain. The Slovakian car industry employs 250,000 people both directly and indirectly and represents 44 percent of the country’s industrial output. Most of the production is exported.
(Source: SARIO)
Calling all Automotive Suppliers in the UK! Automotive Showcase Roadshow on Slovakia.
Birmingham, March 21st 2017
Learn all about the new “Detroit” of Automotive in SLOVAKIA.
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