FTE automotive to invest $41 mln in Czech Republic

Newswire

PRAGUE, Dec 5 (Reuters) - German firm FTE automotive plans to invest more than 1 billion crowns ($40.58 million) over the next six years in a new Czech unit, a government agency CzechInvest said on Monday.

The new factory in the north-western town of Podborany will create several hundred jobs producing parts of hydraulic brake and clutch systems, the agency said in a statement.

CzechInvest supports foreign direct investments in the Czech Republic. Such investments are ...

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