The government of Slovenia has granted EUR4.8 million in financial incentives for the Swiss-based company Lonstroff to construct a factory. The factory will produce rubber parts for medical applications in central Slovenia.
Lonstroff, a subsidiary of Japan’s Sumitomo Rubber Industries, will invest EUR50 million in the project on the town of Logatec and will create at least 180 new jobs, the government said in a statement following the signing of the agreement on Wednesday.
In his address, Slovenia’s prime minister Miro Cerar said on the occasion that Japan is “an important strategic partner” and that projects of Yaskawa, Daihen Varstroj, Nedo and Sumitomo represent the beginning of high-quality long-term cooperation, which the countries have established in both the political and economic spheres.
“Each new investment is extremely important, and this is particularly true of investments in underdeveloped areas such as Logatec, where Lonstroff is building their plant,” Cerar said.
Sumitomo Rubber Industries said last year its factory in Slovenia will be run by Lonstroff, and will start operating in April 2019. The new factory will allow the company to triple its capacity for production of primary packaging and rubber parts for medical applications in Europe as compared with 2016.