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Investor of the Year 2004
( 06 / July / 2005 )
The most important investors that decided this past year to invest into manufacturing, R&D and business support services in the Czech Republic received the INVESTOR OF THE YEAR 2004 awards today from Czech ministers. During this fifth annual awards ceremony held at the Troja Chateau the investment projects with the greatest benefit to the development of the Czech economy were awarded in three categories:
Greatest Economic Benefit – New Investment
1st Place
Daikin Device Czech Republic s.r.o.
for their project to product compressors in Brno
– investment worth 124 mil. EUR, 807 new jobs positions
2nd Place
Benteler Automotive Rumburk s.r.o.
for their project to produce axles and automotive safety components in Rumburk
– investment worth 52 mil. EUR, 352 new job positions
3rd Place
RWE SCHOTT Solar CR, s.r.o.
for their project to produce solar modules in Valasske Mezirici
– investment worth 47 mil. EUR, 322 new job positions
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Criteria: investor must have submitted their investment plan in 2004 – new investment
Calculation: (total amount of investment in CZK) x (newly created jobs) x (level of company benefit based on unemployment rate)
Greatest Economic Benefit – Expansion
1st place
ASUS Czech s.r.o.
for their European centre to produce and service computers in Ostrava
– investment worth 13.6 mil. EUR, 1950 new job positions
2nd Place
BOSCH DIESEL s.r.o.
for their project to produce pumps and pressure tanks in Jihlava
– investment worth 106.4 mil. EUR, 368 new positions
3rd Place
RONAL CR s.r.o.
for their project to produce automotive aluminium discs in Pardubice
– investment worth 67 mil. EUR, 500 new job positions
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Criteria: investor must have submitted their investment plan in 2004 – reinvestment
Calculation: (total amount of investment in CZK) x (newly created jobs) x (level of company benefit based on unemployment rate)
Investment with the Greatest Innovation Potential
1st Place
SKODA AUTO a.s.
for their technology centre for research, development and testing of passenger cars in Mlada Boleslav (Central Bohemia)
– total investment: 40 mil. EUR, of which investment into training: 1.7 mil. EUR
370 new job positions requiring a university education
2nd Place
Tyco Integrated Systems s.r.o.
for their centre to develop mechanics and electronics for products of fire detection systems and electronic equipment for wireless communications in Brno
– total planned investment into training: up to 4.3 mil. EUR
3rd Place
Ricardo Prague s.r.o.
for their project in R&D of combustion engines and other components in Prague
– total investment: 3.56 mil. EUR, of which investment into training: 1.3 mil. EUR
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Criteria: investor must have submitted their investment plan in 2004 – technology centre
Calculation: (number of university-educated employees) x (total investment into training)
Special award conferred by the Association for Foreign Investment – AFI for Siemens’ outstanding contribution to the development of foreign investment in the Czech Republic
received by
Ing. Pavel Kafka, CEO of Siemens s.r.o. and Siemens’ representative in the Czech Republic
“The Czech Republic has had a very strong position in foreign direct investment for several years now: in per capita terms we are one of the three (together with Estonia and Hungary) most successful countries in Central and Eastern Europe. Investors’ trust and positive experience and references are an important prerequisite for gaining service projects and technology centres, which are increasing more and more – and these award-winning companies are clear proof of that. In order to maintain this trend, however, we must strengthen technical education and its close ties with the private sector,” said CzechInvest’s CEO Radomil Novak during the ceremony.
The INVESTOR OF THE YEAR awards are announced under CzechInvest’s programme of Partnership to Support Foreign Direct Investment in the Czech Republic jointly with the Association for Foreign Investment - AFI, under the auspices of the Ministry of Industry and Trade.
To be eligible for the INVESTOR OF THE YEAR awards companies must have submitted their investment plan in 2004 and either have received or will receive investment incentives. The evaluation criteria comes from the companies’ application for investment incentives, where the company undertakes to invest a certain amount and to create a minimum number of direct, new job positions. Projects were evaluated by a committee consisting of representatives of the Office of the Government, Ministry of Industry and Trade, Ministry of Labour and Social Affairs, Ministry of Finance and CzechInvest.