CITIC Dicastal, a manufacturer of aluminum automotive components, plans to build a new plant worth CZK 8 billion with Žďas. The project will create 500 jobs, said Jiří Ovčáček, President Milos Zeman’s spokesperson said.
Zeman noted the planned construction in a letter to Chinese President Xi Jinping. CITIC Dicastal is a subsidiary of the Chinese CITIC Group, which is also the owner of Žďas.
The investment was confirmed on twitter by CITIC Europe Holdings Vice-Chairman Jaroslav Tvrdík. According to him, CITIC expects to expand its activities in the Czech Republic, including Slavia football in Prague.
CITIC Dicastal, according to Ovčáček, is the world’s largest manufacturer of aluminum automotive components. “It is a project of a greenfield plant in the premises and in cooperation with Zdas Zdar,” Ovcacek said.
The plant will be in Zdar nad Sazavou. Representatives of the company and the region will discuss the investment soon.
Representatives of the Zdar Town Hall said they have no information about the investment, nor did the Deputy Governor Martin Kukla (ANO) know about it. “We would certainly welcome production with greater added value, which will be perspective in the long term and can employ people with higher education and qualifications,” said Žďár Mayor Martin Mrkos.