Cooper Standard Automotive building plant worth CZK 1 billion
8. 8. 2016 | Source: Business and Investment Development Agency (CzechInvest)
The American company Cooper Standard Automotive began construction of its new manufacturing plant in Bystřice nad Pernštejnem on Tueday, 26 July 2016.
Important guests led by Prime Minister Bohuslav Sobotka and CzechInvest CEO Karel Kučera laid the factory's cornerstone. The company's new assembly hall is expected to create nearly five hundred new jobs and thus significantly contribute to reducing the rising unemployment rate in the Bystřicko region.
Cooper Standard Automotive has operations in nineteen countries. The company is focused on production of brake and fuel lines for all well-known European carmakers. Its Czech operations are based in nearby Žďár nad Sázavou, where it employs nearly one thousand people.
CzechInvest arranged the company’s current expansion. This is an example of successful managed development of investments in an area affected by the gradual decline of mining. Cooper Standard Automotive planned the expansion due to the insufficient capacity of its plant in Žďár nad Sázavou. Thanks to CzechInvest, the company eventually found a suitable location in the industrial zone in Bystřice nad Perštejnem. CzechInvest also mediated negotiations with the Ministry of Labour and Social Affairs of the Czech Republic regarding the support of local labour offices in recruiting and retraining new employees.