Presov to welcome German-Danish joint venture

The city of Presov will welcome a new investment in the shape of a joint venture between the German based FTE automotive and Denmark’s SBS.AB

The new company, SFMC, will eventually produce and recondition around 400,000 brake callipers a year for the automotive industry, with the launch of production set for August.

The company is expected to take on around 50 employees this year, mostly in manual positions, with around 100 jobs in total projected over the next three years.

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