Austrian plastics manufacturer Polytec to build new facility in Slovakia without expanding workforce
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Austrian plastics manufacturer Polytec will construct an additional production hall at its facility in Sládkovičovo, Slovakia, strengthening its presence in the country. The investment is expected to help the company's Slovak subsidiary recover from recent financial losses. The expansion comes without plans to hire additional workers, reflecting broader changes in foreign investment patterns since the pandemic. Before COVID-19, similar investment announcements featuring new factories with hundreds or thousands of jobs were common in Slovakia, but investor interest has cooled due to the pandemic, global economic slowdown, and rising domestic costs.