Green Riyadh Program announces rehabilitation of Ghudhwana tributary of Wadi Hanifa    Mitrovic shines as Al Hilal defeats Al Ittihad 3-1 in thrilling Saudi Clasico    22,716 illegal residents arrested in a week    Hezbollah commander Ibrahim Aqil killed in Israeli airstrike    Saudi Arabia posts highest international tourism growth among G20 countries during first 7 months of 2024    Saudi Arabia takes part in UN Broadband Commission for Sustainable Development meeting    Saudi Health Minister discusses with Cuban President cooperation in health sector    No damage reported as minor quake hits near Jazan's Shuqaiq city on Friday    Russia lists 47 countries promoting 'destructive attitudes'    Polling concludes in Sri Lanka's presidential election    Impressive military parades mark Interior Ministry's National Day celebrations    Al Ahli secures thrilling 4-2 victory over Damac with late goals    Al Nassr secures emphatic 3-0 victory over Al Ettifaq in a strong away performance    Saudi Arabia to host global summit on child protection in cyberspace next month    Anthony Joshua and Daniel Dubois ready for epic showdown at Riyadh Season Card Wembley Edition    Film Commission to hold second edition of Saudi Film Forum next month    The Vikings and the Islamic world    Fashion industry's contribution to Saudi GDP reaches 2.5% as market set to hit $42bn by 2028    Riyadh Light Festival 2024 to kick off on November 28    Superbug crisis could get worse, killing nearly 40 million people by 2050: Study    Jane's Addiction cancel tour after on-stage brawl    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Embracing change: A journey towards inner peace    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Slovakia maneuvers around meltdown
Published in The Saudi Gazette on 01 - 12 - 2008

Every 60 seconds, to a robotic burst of Mozart's Symphony No. 40, a new Kia sedan or SUV emerges from beneath a cascade of sparks at the South Korean carmaker's gleaming assembly plant in this northwestern town.
Ex-communist Slovakia is fast becoming Europe's Detroit: a humming automotive haven where – for now, at least – there's no sign of the crisis gripping America's Big Three.
“We're talking about adding jobs, not eliminating them,” says Jun-Bum Park, general manager of Kia Motors Slovakia, which opened the sprawling $1.36 billion complex in Zilina in December 2006.
Maria Novakova, secretary-general of the Automotive Industry Association of Slovakia, forecasts the creation of up to 30,000 new jobs between now and 2010 as the country's fledgling automotive sector prepares to shift into higher gear.
“We're in a good position to grow,” she says. “Frankly, we don't want to be compared to Detroit because we don't want to end up like Detroit.”
To be sure, the US, Canada, China, Japan and Russia all dwarf Slovakia in sheer number of cars produced. Japan turned out nearly 11.6 million vehicles last year, and the Big Three churned out just under 10.8 million.
But the tiny nation, which also hosts PSA Peugeot Citroen in the western town of Trnava and Volkswagen AG in the capital, Bratislava, leads the world in per-capita production.
Slovakia made a record 571,071 cars in 2007 – 105.7 units for every 1,000 Slovaks. Industry officials say the East European nation of 5.4 million will top that this year with 610,000 cars, and it hasn't even hit full capacity yet.
Analysts say carmakers are drawn to Slovakia because it has a cheap but skilled work force, low taxes, weak labor unions, good highways and other logistics, and a strategic location in the geographic heart of Europe that's close to emerging markets in Russia, Ukraine and elsewhere in the former Soviet Union.


Clic here to read the story from its source.