CTS to invest $22 mln into Czech car part plant

Newswire

PRAGUE, Nov 24 (Reuters) - U.S. electronic components maker CTS Corporation will invest nearly $22 million into a new plant in eastern Czech Republic, the Czech state agency Czechinvest said on Thursday. It said CTS would hire 160 people over three years for the new plant to be built in Ostrava, the third-biggest Czech city some 350 km (218 miles) east of Prague. The plant will produce components for the automotive industry, which has been expanding rapidly in the new European Union ...

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