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Follow on Google News | Market Report, "Slovakia Autos Report Q2 2011", publishedRecently published research from Business Monitor International, "Slovakia Autos Report Q2 2011", is now available at Fast Market Research
In December 2010 PSA announced that it will ramp up production and employ 1,000 additional workers at its Trnava production facility in Slovakia. Production and employment will be increased over the medium term. The facility is capable of manufacturing 300,000 cars per annum, but it is not currently operating at full capacity as the carmaker plans to build fewer than 200,000 cars in 2010, according to PSA's chief of Slovak operations, Luciano Biondo. Kia intends to increase production at its Zilina plant in Slovakia by 5.3% year-on-year (y-o-y), to 240,000 units, in 2011, compared with 228,000 units in 2010. The planned expansion is attributed to the increasing demand for sports utility vehicles (SUVs). The Zilina plant manufactures the Kia Sportage and Hyundai ix35 SUVs as well as the Kia Cee'd passenger car. VW has announced that it will invest EUR1bn in Slovakia over the coming five years to boost car and car parts production. VW's Slovak production plant produces SUVs, the Audi Q7 as well as parts for the Porsche Cayenne. VW will use the land bought as part of the investment to expand its gearbox factory outside the city of Martin. The expansion will enable the automaker to hire almost 400 new workers at the plant. VW has to invest in the plant within four years after making the purchase, according to an agreement signed between the automaker and the Slovak Land Fund. Despite the global financial crisis, VW remains committed to investing in key Central and Eastern Europe (CEE) countries in order to tap into growing domestic demand, and plans to expand over the next three years the portfolio of its Bratislava plant, where it will spend EUR308mn. The expansion is expected to add 1,500 direct and 7,000 indirect jobs by 2011, AFP reported. The company is expected to roll out its new Up! family car at the Bratislava plant in H211. Three and five-door models are also expected be launched globally. The firm will also start producing models that will be sold under the VW, Skoda and Seat brands. Meanwhile, in what should be a positive for the autos sector, we forecast Slovak industrial production growth to continue its impressive ascent in 2011, averaging 12.0% y-o-y on the back of sustained domestic demand in Germany and the wider eurozone. This bodes well for the country's economic growth outlook, for which we are forecasting 3.2% in 2011. Slovakia's industrial production (IP) index (adjusted for working days) improved 19.7% y-o-y in December, bringing the average for 2010 to a healthy 19.1%, above our forecast of 18.0%. Over the year the biggest boost came from the manufacturing component of the IP index, particularly in 'machinery and equipment' and 'transport equipment', which grew by an average 48.9% and 41.5% y-o-y respectively. In total BMI forecasts that auto production will reach 523,060 this year. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: SWOT Analysis - Slovakia Auto Industry SWOT - Political SWOT Analysis - Economic SWOT Analysis - Business Environment SWOT Analysis Regional Overview Business Environment Ratings - Table: Western Central And Eastern Europe Business Environment Ratings Industry Forecast Scenario - Production And Sales - Table: Slovakia Auto Production And Sales - Table: Slovakia Auto Trade - Trade Macroeconomic Forecast Scenario - Table: Slovakia - Economic Activity Competitive Landscape - Euro Entry - Manufacturers - Passenger Cars - New Investment - Suppliers Company Monitor - PSA Peugeot Citroen Regional Profile - Financial Woes - Focus On Faurecia - Merger Opportunity - Eye On Eastern Europe Company Profiles - Volkswagen (VW) - PSA Peugeot Citroen - Kia Motors Country Snapshot: Slovakia Demographic Data - Section 1: Population - Table: Demographic Indicators, 2005-2030 - Table: Rural/Urban Breakdown, 2005-2030 - Section 2: Education And Healthcare - Table: Education, 2002-2005 - Table: Vital Statistics, 2005-2030 - Section 3: Labour Market And Spending Power - Table: Employment Indicators, 2001-2006 - Table: Consumer Expenditure, 2000-2012 (US$) - Table: Average Annual Wages, 2000-2012 BMI Methodology - How We Generate Our Industry Forecasts - Sources About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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