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Composites Investment in Czech Republic Fuels Industrial Growth

07 May 2004

Industrial production in the Czech Republic grew by 5.8 per cent in 2003 a growth fuelled by the composite and materials sectors, and the growth in the automotive industry, according to an Investment promotion agency.

In 2002, the country produced 22,500 tons of composites, a volume which looks to have been exceeded in 2003.

According to a recent survey by Price Waterhouse Coopers (2002), investments to the Czech Republic are becoming profitable within two-years’ time, which is the primary reason why companies like Saint Gobain Vertex, Schneider Electric, Faurecia, Vivendi, Valeo, and numerous others have invested in composite production plants in the region.

The Ministry of Industry and Trade established Czechinvest as an investment promotion agency to help companies that are interested in setting up in the Czech Republic.





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