Ostrava - Hyundai Mobis of the Hyundai group may be a new investor in the Mosnov industrial zone, Ostrava City Assembly members said at today´s meeting.
The South Korean investor plans to build a plant to produce headlamps and may create at least 900 new jobs in the initial stage, according to CTK files. Production might begin by 2016.
Ostrava representatives approved a draft investment contract and sales plan for 18 hectares of land in the industrial zone.
Mayor Petr Kajnar welcomed the investor´s promise to create a minimum of 900 jobs. "It is a big investment, around Kc2.5bn," he said.
Town Hall spokeswoman Andrea Vojkovska said that the information relating to the contract and the entire project is confidential. No more details will be disclosed at the moment, she told CTK.
"If other parties to the contract give consent then we may publish the information. There are five contractual parties, namely the city, investor, Moravskoslezsky region, CzechInvest and the Czech Republic," said Vojkovska.
The city representatives made it clear today they are ready to continue the talks with the investor.
"The investment contract may be signed in June and a letter of intent in September," said Vojkovska.
The investor will get the land for its plant for Kc1 per square metre. The city´s revenue from the sale may reach around Kc65m.
The Moravskoslezsky region has a high rate of unemployment. In May it reached 10 percent and the Czech average was 7.5 percent.