Swiss Company Lohnstroff Builds a Plant in Logatec to Provide New Jobs

The Swiss company Lohnstroff will build a new plant for the production of medical elastomers in the settlement of Logatec. At the suggestion of the Ministry of Economy, the Government decided to support this investment project with almost 5 million euros of budgetary funds. According to official estimates, the projected economic impact of the new production (payment of taxes and charges) will amount to 24 million euros.

It is expected that the implementation of this project will create 180 new jobs, including production workers, mechanics, engineers, chemists and other professionals. Logatec has been chosen as a location for the future plant because the Swiss company purchased the production complex of the bankrupt KLI Logatec factory in this settlement. The budget for the construction of the new plant is 48 million euros. The Slovenian government covers 10% of the costs.

Lohnstroff is part of the Japanese group Sumitomo Rubber Industries, which manufactures tyres and rubber products. Among other things, the Group produces tyres for passenger cars, agricultural machinery and industrial equipment. In 2017, its revenues from sales amounted to more than 6.6 billion euros.

Source: siol.net