Franke Slovakia to get €3.9 million in the form of tax reliefAll Articles
Swiss firm Franke Slovakia plans to invest nearly €27 million to build a new plant in Zilina for the production of coloured kitchen sinks. The company will move all of its employees to the new facility. Part of the new premises will also include a competence centre focused on testing and development of materials and design of sinks.
The company also plans to create 240 new jobs , of which 33 will be designed for specialists who are expected to work in the competence centre.
Franke Slovakia has been awarded €3.9 million in the form of tax relief from the state, the Ministry of Economy reported.
Parent company Franke Holding AG, which is based in Aarburg, Switzerland, manufactures and exports equipment and solutions for residential kitchens and bathrooms, professional foodservice providers, coffee preparations, beverage delivery, and semi-/public washrooms. The company offers integrated systems for food preparation and cooking, including sinks, taps, worktops, hoods, and cooking appliances; foodservice systems, such as kitchen equipment, supplies, and a range of services for restaurant chains; and integrated water systems for private bathrooms and semi-/public washrooms, including taps, showers, sinks, accessories, and water management systems. It also provides a range of coffee machines for cafés, the catering industry, and out of home coffee preparation, including super automatics, traditional products, and brewers; and beverage systems, such as stainless steel kegs and keg services. Franke Holding AG sells its products online and was founded in 1911.
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