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SARIO GOODIDEASLOVAKIA
SLOVAK INVESTMENT ANDTRADE DEVELOPMENT AGENCY
ENGLISH EDITIONSEPTEMBER 2018
Chemical Industry in SLOVAKIA
Paris
London
MadridLisbon
Amsterdam
Dublin
Rome
Vienna
Bratislava
Prague
Berlin Warsaw
Athens
Zagreb
Ljubljana
Budapest
Sofia
Bucharest
Kiev
Copenhagen
Zurich
Brussels
OsloStockholm
Helsinki
Tallinn
Riga
VilniusMinsk
Chisinau
SarajevoBelgrade
Podgorica
Tirana
Skopje
Luxembourg
Edinburgh
300 million clients in radius
of 1,000 km
600 million clients in radius
of 2,000 km
total area 49,035 km2
population 5.4 millioncapital city Bratislavamember of European Union, Eurozone, Schengen Area, OECD, WTO, NATOtime zone GMT +1 hour
Chemical Industry in Slovakia
The purpose of this publication is to presentthe opportunities that Slovakia has to offerto potential investors from the chemicalindustry. The material also connects toSlovakia's strong automotive and electronicssector from the perspective of plastics. Thepublication also includes facts and figures forthe major subcategories of this industrial segmentand serves as an introduction to why Slovakiashould be a preferred location for your business.
1 www.sario.sk
2 www.sario.sk
Chemical Industry in Slovakia — Key Facts
Highest labour productivityin CEE region
Strategic location in Europe with great export potential
Cost-effective & skilled labour force
Political & economic stability
Euro currency as one of the few in CEE
Fastest growing Eurozone member within the last 10 years
Attractive investment incentives for industry
Well-developed infrastructure
Large selection of industrial land
Strong local production capacities in need of plastic components
1
4
2
3
6
7
5
9
8
10
Top 10 Reasons Why to Invest in
Slovakia
Slovakia has a strong tradition in all major segments of the chemical industry, including petroleum refining, production of fertilizers, rubber and plastics production. The business environment in this sector is also influenced by Slovakia's strong automotive and electronics sector, which serve as constant, high-capacity clients for different companies from the chemical industry. Producers of pharmaceuticals and single purpose medical accessories are also present in Slovakia.
9.63 BN €Revenues of the Slovak chemical industry
39,000People employed in the Slovak chemical industry
13.8%Share of the chemical industry from the entire Slovak manufacturing sector
3.94 BN €Revenue generated by coke and refined petroleum product manufacturers
792 MIL €Revenues ot the biggest rubber and plastic producer
185Number of manufacturers of rubber and plastic products
9.63 BN €
39,000
13.8%
3.94 BN €
792 MIL €
185
Sour
ce: S
tatis
tical
Offi
ce o
f the
Slo
vak
Rep
ublic
, Dat
a fo
r all
com
pani
es, T
urno
ver f
or o
wn
perf
orm
ance
s an
d go
ods,
Year
book
of I
ndus
try
in th
e SR
, Oct
ober
201
5
3 www.sario.sk
Unlike in some other countries, the output of the Slovak chemical industry does not consist of one product or a group of few products, but includes a diversified portfolio of hundreds of different products, ranging from petrochemicals, agrochemicals, and primary organic/inorganic chemicals, to rubber, plastic products, rugs and vaccinations.
The Slovak chemical industry(hereinafter also as 'SCHI') has traditionally been one of the largest sectors of the national economy. In 2014, revenues generated by all companies in this sector amounted to EUR 9.63 billion, representing 11.7% of theSlovak industry (EUR 82.15 billion). At thesame time SCHI equaled 13.8% of the of the Slovak manufacturing sector (EUR 69.88 billion). Production of pharmaceutical products is usually considered to form an integral part of the chemical industry. These sectors combined are to employ over 39 000 people in approximately 250 companies.
The Slovnaft group represented almost the whole turnover of the coke and petroleum production in Slovakia, which is the biggest revenue generating sub-sector of the chemical industry. Almost the same amount of revenue was achived by rubber and plastic producers, which employ over 25 ths people in 185 companies.
Summary
Number ofCompanies
Number ofEmployees
Revenues(mil. EUR)
3 94415
50
1915
8 226
3 818
2 133
2 658
1 676185
26 045
rubber & plastic products
pharmaceutical products
chemicals & chemical products
coke & refined petroleum products
BA WEST CENTRAL EAST
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INDUSTRY
Coke
& re
fined
pe
trol
eum
pro
duct
sCh
emic
als &
ch
emic
al p
rodu
cts
Phar
mac
euti
cal
med
icin
al, c
hem
ical
&
bota
nica
l pro
duct
s
Rub
ber/
plas
tic
prod
ucts
& ot
her n
on‒m
etal
licm
iner
al p
rodu
cts
POSITION
Assistantworkers
Assistantworkers
Assistantworkers
Assistantworkers
Machineoperators
Machineoperators
Machineoperators
Machineoperators
Technologists
Technologists
Technologists
Technologists
Production supervisor
Production supervisor
Production supervisor
Production supervisor
800
800
800
900
650
650
650
1 100
1 850
1 850
1 350
1 950
1 600
1 600
1 600
1 750
750
750
750
825
575
575
575
575
1 500
1 500
1 500
1 600
1 500
1 500
1 500
1 650
700
700
700
750
540
540
540
540
1 450
1 400
1 400
1 500
1 450
1 450
1 450
1 450
700
700
700
715
525
525
525
525
1 100
1 100
1 100
1 150
1 250
1 250
1 250
1 450
Source: The Institute for Information & Prognosis in Education, 2016, Lugera Slovakia 2016, SARIO calculations
AVERAGE GROSS MONTHLY SALARY (IN EUR)
Cost‒Effective, Skilled Labour Force
Slovakia is praised as one of the most productive countries in Europe. Combined with cost‒effectiveness and high education level, Slovak labour force excels in the three areas that often concern investors — labor costs, productivity and qualification.
Thanks to educational system
covering the full spectrum of technical fields, investors can find skilled and diverse
labour market in Slovakia.
In 2014 the faculty (Slovak Technical University) has participated in 158 research projects ranging from sample analysis to
the development of new materials and chemicals.
5 technical universities
6 chemical industry oriented faculties
11 577students in chemistry
and related fields
3 917 graduates in chemistry
and related fields
R&D Faculty of Chemical & Food Technology
3rd biggest company by turnover and the only oil refinery in Slovakia. It also houses an R&D center employing more than 100 engineers.Turnover: 3 416 063 000 EUREmployees: 2 389
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Examples of Companies from the Slovak Chemical Industry
Slovnaft
Source: Global Slovakia (2016)
Duslo
Fertilizer producer with European significance and global rubber chemical supplier. The company also produces polyvinyl acetate and
poly acrylic glues, dispersions and various other special products. Revenue: 461 242 000 EUR
Employees: 2 015
Building up on Matador's tyre production history, Continental operates a truck and personal vehicle tyre production facility in Puchov, with a 150 FTE R&D center.Revenue: 894 539 000 EUR + 521 403 000 EUREmployees: 1 565 + 1256
The company with a very broad portfolio of chemical products. One of the biggest employers in Eastern Slovakia.Revenue: 92 585 411 EUREmployees: 945
Continental
Chemosvit Folie
De Miclen
The company, as a part of GlaxoSmithKline, has set up a high capacity production of consumer cosmetic products Slovakia.
Revenue: 114 328 845 EUREmployees: 560
INZI SK
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The Biggest Players of the Slovak Chemical Industry
The biggest chemical & pharmaceutical companies are present in every region of our country, with a higher concentration in the Western part of Slovakia.
Coke & refined petroleum
Rubber & plastic products
Chemicals & chemical products
Basic pharmaceutical products & drugsSource: TREND Top v priemysle, 09/2015, Global Slovakia 2015
The present list of manufacturers of different chemical products is subject to change and it does not represent an exhaustive overview.Source: Global Slovakia (2016)
SEGMENT REVENUE 2015(THS. EUR)
AVERAGE NUMBER OF EMPLOYEESCOMPANY LOCATION
Slovnaft Bratislava 3 416 063 2 389coke & refined petroleum
Giesecke & Devrient Slovakia Nitra 97 853 540rubber & plastic
Prima Poprad
Fortischem Nováky 145 487 1 100chemicals & chemical products
Cikautoxo SK
Nitra 61 929 209rubber & plastic
Biotika
Dolný Kubín 43 382 334rubber & plastic
Continental Matador Truck Tires Púchov 521 403 1 256rubber & plastic
ContiTech Vibration Control Slovakia
Svit 75 128 320rubber & plastic
KOAM Elektronik
Žilina 39 554 95rubber & plastic
Enviral Leopoldov 112 723 147chemicals & chemical products
SaarGummi Slovakia
Strážske 39 873 32chemicals & chemical products
Chemolak
Dolné Vestenice 32 081 699rubber & plastic
Continental Matador Rubber Púchov 894 539 1 565rubber & plastic
Meroco Leopoldov 95 186 45
82 350 575
chemicals & chemical products
rubber & plastic
Sládkovičovo 21 920 210rubber & plastic
de Miclén Levice 114 328 560chemicals & chemical products
Reydel Automotive Slovakia
Dolné Vestenice 58 290 867rubber & plastic
Nobel Automotive Slovakia
Smolenice 29 313 240chemicals & chemical products
Duslo Šaľa 461 242 2 015chemicals & chemical products
Terichem
Slovenská Ľupča 52 515 250chemicals & chemical products
Polycasa Slovakia
Považská Bystrica 42 153 375rubber & plastic
Nexis Fibers Humenné 93 453 422chemicals & chemical products
Diakol Strážske
Šurany 38 718 231rubber & plastic
Vegum
Šurany 23 699 340rubber & plastic
Johnson Controls Lučenec Lučenec 115 248 800chemicals & chemical products
Evonik Fermas
Nové Zámky 66 564 836rubber & plastic
Dongil Rubber Belt Slovakia
Slovenská Ľupča 38 388 380basic pharmaceutical products & drugs
Chemosvit Folie Svit 92 585 945rubber & plastic
Bang Joo Electronics Slovakia
Poprad 38 345 150rubber & plastic
Korean Tier1 producer of various automotive plastic and trimmed parts.
Revenue: 157 497 671 EUREmployees: 634
Slovak Tier 1 supplier, injection moulding plastic component manufacturer for
automotive exteriors as well as interiors.Revenue: 15 626 922 EUR
Employees: 125
Producer of both automotive & television plastic part components.
Revenue: 64 678 727 EUR + 21 235 709Employees: 600
Canadian interior and exterior automotive plastic parts producer.
Revenue: 134 825 870 EUREmployees: 455
Vehicle plastic components for electronics, fuse boxes as well as interior
and exterior lighting equipment.Revenue: 17 079 325 EUR
Employees: 222
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Examples of Companies Producing Plastics
Seoyon E-Hwa Automotive
Thermoplastic
Jasplastik
Magna Slovteca
Služba Nitra
A separate part of the chemical industry handout is attributed to plastics as it is an important supportive pillar for both the Slovak automotive & electronics industries. Additionally this subcategory of the industry is represented by the highest amount of companies within the Slovak chemical industry.
Source: Global Slovakia (2016)
Market IPM Plast
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The Biggest Plastic Component Producers in Slovakia
Manufacturing of rubber and plastic products is most connected to Slovak automotive & electronics industry & is therefore mainly located in regions with where these industries have a strong presence.
Source: Global Slovakia (2016)
TURNOVER(THS. EUR) NUMBER OF EMPLOYEESCOMPANY LOCATION
Seoyon E-HWA Automotive Slovakia Dubnica nad Váhom 157 497 634
Bourbon AP Dolný Kubín Dolný Kubín 22 765 380
Trend Rejlek
Čadca 4 569 86
Fremach Trnava Trnava 43 111 391
Uniplast MH
Liptovský Ján 10 226 110
Inventive
Malacky 1 727 16
Plastic Omnium Auto Inergy Slovakia Lozorno 149 150 260
Thermoplastik
Nové Mesto nad Váhom 14 463 64
VÚSAPL (restructuring)
Michalovce 3 446 35
Bourbon AP Nitra Nitra 45 636 200
Tecoplast PM Slovakia
Sládkovičovo 9 352 101
JMP Plast
Vaďovce 1 664 32
Magna Slovteca Nové Mesto nad Váhom 134 825 455
LPH Vranov nad Topľou Vranov nad Topľou
Poriadie
19 783 249
15 626 125
HDF
Nitra 3 087 115
SMP Automotive Solutions Slovakia Matúškovo 33 306 180
Esox - Plast
Myjava 11 246 125
M+D Plast
Zalužice 2 085 30
RF Malacky 68 678 597
JIT Plastic
Kežmarok 10 881 86
MI Plastik Plus
Nové Mesto nad Váhom 2 048 20
COBA Automotive Terchová 21 485 220
Polytec Compsites Slovakia
Spišská Nová Ves 7 027 106
Jasplastik-SK Galanta 64 678 500
Aspel Slovakia
Vranov nad Topľou 13 054 163
Stavoplast
Liptovský Hrádok 1 512 30
Jasplastik-Automotive Matúškovo 21 235 100
CRW Slovakia
Martin 7 107 75
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The primary role of the investment incentives is to motivate investors to placetheir new projects in regions with higher unemployment and to attract projects with higher added value. The positive impact of a new investment shall be proved by job creation, improved chances for the graduates to get a job, as well as by creation of new entrepreneurial opportunities for local companies.
Investment Incentives
ELIGIBLE PROJECTSThe Act on Investment Aid divides the projects which may be supported into four categories:• Industry• Technology Centers• Combined Projects of Industrial
Production and Technology Center• Shared Services CentersTECHNOLOGY CENTERS
• Minimum investment of 200 ths. EUR on fixed assets in all regions
• Minimum of 20 newly created jobs• Minimum 1,7 fold of average salary in
the district paid to new employeesELIGIBLE COSTS• Costs of land acquisition• Costs of buildings acquisition & construction• Costs of new technological equipment
and machinery acquisition• Intangible long-term assets —
licences, patents, etc.• Rent of new land/buildingOR• Wage costs of new employees for the
period of 2 years
FORMS OF INVESTMENT INCENTIVES• Tax relief• Cash grant • Contributions for the newly created jobs• Rent/Sale of real estate for a discounted
price
INDUSTRYMinimum investment amount, number of newly created jobs and share of new technology are subject to the unemployment rate in the selected district and forms of aid required.
If applying for income tax relief, the following criteria have to be met in regards to particular districts category:• 6 mil. EUR and 60% share of new
technology• 3 mil. EUR and 50% share of new
technology• 1,5 mil. EUR and 40% share of new
technology• 0,2 mil. EUR and 30% share of new
technology• Expansion includes minimum increase
in the production volume or turnover by at least 15%.
Other forms of aid are subject to different requirements.
MAXIMUM REGIONAL INTENSITIES OF INVESTMENT AID IN SLOVAKIA
for SMEs additional 10 to 20 %
SHARED SERVICES CENTERS• Minimum of 50 newly created jobs• Min 1,5 fold of average salary in the
district paid to new employees
25%
35%
35%
Bratislava region excluded
*Conditions differ for projects from 'Priority areas'. Please contact us at [email protected] for more information.
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ALL OUR SERVICES ARE FREE
OF CHARGE!
• Information on foreign territories• Customized search for foreign partners• On-line database of business opportunities• Export Training Centre• Subcontracting assistance
SARIO Profile
INVESTMENT SERVICES
FOREIGN TRADE SERVICES
INNOVATION SUPPORT
SERVICES FOR POTENTIAL INVESTORS
IF YOU ARE LOOKING FOR
SERVICES FOR EXPORTERS
SERVICES FOR ESTABLISHED INVESTORS
• Investment environment overview• Assistance with investment projects implementation• Starting a business consultancy• Sector and regional analyses• Investment incentives consultancy• Site location and suitable real estate consultancy
• Slovak supplier or subcontractor• Information about Slovak export/trade environment• Sourcing opportunities• Forming a joint venture, production cooperation or other forms of partnership
with a Slovak partner
• Identification of local suppliers, service providers• Assistance with expansion preparation and execution• Relocation assistance, work/stay permits• Support of innovation and R&D activities• Social networking
Number of SARIO Investment Projects from
2002 — 2015
number of SARIO investment projects in
BSC sector 2002 — 2015
2014 Global Best to Invest 2013Selection Site magazine
Our Award
439
22
• Support activities for development and popularization of Slovak innovations and R&D environment
• Establishment of relations with domestic and foreign well–established innovative companies
• Interconnection of Slovak R&D capacities with industrial production and investors' needs in order to transfer leading innovative technology processes closer
to production praxis• Encouragement to foreign investors
to bring investments with substantial R&D components to the SR
• Ecosystem analysis of local investment opportunities as well as domestic and foreign investors in order to support acquisitions and joint ventures projects
• Specific information from the field, in order to obtain capital and foreign markets penetration
Slovak Investment and Trade Development Agency (SARIO) is a governmental investment and trade promotion agency of the Slovak Republic. The agency was established in 2001 and it operates under the Ministry of Economy of the SR.
SARIO I Slovak Investment and Trade Development AgencyTrnavská cesta 100 I 821 01 Bratislava I Slovakia
Copyright © 2016 SARIOThe information in this publication needs to be in every case double–checked to ensure it is up to date.For production of this publication public domain images were used where the source of the image is not credited.
GPS +48° 9' 52.77", +17° 9' 20.27"
[email protected] I [email protected] I www.sario.sk
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