Economy Minister Ziga Visits Samsung Electronics in Galanta

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Economy Minister Peter Ziga (Stock photo by TASR)
Galanta, August 16 (TASR) – Economy Minister Peter Ziga (Smer-SD) visited Samsung Electronics Slovakia on Thursday in order to support important exporters, TASR learnt on the same day.

The minister met top representatives of the company, discussing current developments in the Slovak economy, the business environment, the energy sector as well as the labour market. They subsequently visited the production line.
“The state still has an interest in supporting important exporters. The Government wants Samsung to develop in Slovakia and invest in added value in particular. We strategically support the introduction of automation, i.e. Industry 4.0, innovation, research and development. This is the way to boost the competitiveness of our economy. In this specific case, our investment support tools also concern western Slovakia, where the unemployment rate is low,” said the economy minister, noting that there is an opportunity to invest in other regions of Slovakia with higher unemployment rates.
The company management confirmed that it feels good in Slovakia and that more than 90 percent of the mechanical parts in its final products come from local suppliers. It currently doesn’t receive any investment support. “Our company has been operating in Slovakia continuously for 15 years, resulting in a production milestone in the form of the 100 millionth product. We still want to create job opportunities and actively contribute towards the local community, and so maintain our business plan in Slovakia,” said Samsung Electronics Slovakia president Chunjae Lee.
The South Korean company is one of the most important Slovak exporters. Its plant in Galanta (Trnava region) focuses on producing higher-class TV-sets and employs more than 2,000 people, of whom 90 percent come from Slovakia. The consumer electronics maker has long been one of the pillars of the Slovak economy, and since its inception it’s been one of the biggest taxpayers.