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Slovenia Business Week no. 28/2005: Unior-DaimlerChrysler Joint Venture Inaugurated

Unior, the Zrece-based tooling company, and German car maker DaimlerChrysler on Thursday, 08 July officially inaugurated in Maribor an EUR 4.5m production facility which will manufacture steering mechanisms and certain spare parts for Mercedes S and E models

Starkom, as the joint venture is called, is expected to create 80 jobs over the next two years and generate sales of EUR 10m, Unior chairman Gorazd Korosec told the press on Friday, 08 July.  

In the next three to four years production will expand so the company is expected to employ up to 200 people, Starkom director Harald Neff said.  

According to Volker Stauck, a member of the DaimlerChrysler management board, Maribor was selected as the site of the production facility because of good infrastructure and human resources potential.  

DaimlerChrysler considered dozens of locations in Central and Eastern Europe and shortlisted five, with Unior's proposal ultimately selected as the best option.  

Stauch also said the state and the local community have helped the best they could. His words were echoed by the keynote speaker, Economics Minister Andrej Vizjak, who said the government will continue to support foreign direct investment.  

The new facility is located on the site of the former automotive giant TAM, where Unior already has two subsidiaries.  

Unior and DaimlerChrysler, owning 49% and 51% of Starkom respectively, have been partners for years, as Unior has been manufacturing custom tools for the German car maker.

Source: Slovene Press Agency STA

Author: STA