Automotive

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The automotive sector is at the heart of Czech industry and leads the country’s exports. Apart from highly successful foreign OEM investments (e.g. Volkswagen, Toyota-Peugeot-Citroen, Iveco, Hyundai), the country hosts hundreds of automotive suppliers. The recently opened TPCA car plant (Toyota Peugeot Citroen Automobile) is sourcing 75% of components locally.

The Czech Republic has recently succeeded in attracting the major new investment of Hyundai Motor Corporation which has built a state of the art automotive assembly plant at Nošovice in the Moravia-Silesia Region. The company invested over 1 billion Euro and is producing over 300,000 cars a year. 

Slovakia has also attracted major OEM investment with the recent establishment of the PCA (Peugeot Citroen Automobile) and Kia car plants, as well as many of their key suppliers.

The leading manufacturer in Poland is Fiat Tychy plant, which manufactured 56.67% of cars produced in Poland in 2011. The company is followed by Poznań-based Volkswagen (21.44% of the market share) and GM-Opel located in Gliwice (21.08% of the market share).

With 4,632 buses manufactured in 2011, Poland became the third largest bus manufacturer in the European Union. In 2011 the top bus manufacturers in Poland were: MAN, Solaris, Volvo. Scania and Autosan. 

The Renault acquisition of Romania’s Dacia car plant has boosted investment in the automotive sector in that country.

Business environment: 

  • Strategic position in Central Europe, direct access to the EU market of 500 million consumers
  • Stable business and political environment – EU and NATO membership
  • Well-developed transport and telecommunications infrastructure
  • Highly developed technical base
  • Highly educated workforce, good access to university graduates with technical education
  • Strong innovation potential for R&D projects
  • Positive approach of governments, investment support covering up to 60% of eligible costs through a transparent system of investment incentives

 

 

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