Trade Minister: Mitsubishi to go ahead with plans for Czech plant

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Trade and Industry Minster Miroslav Gregr has said that the Mitsubishi Electric Corporation has confirmed a plan to build a second manufacturing plant in the town of Slany, west of Prague. Mr Gregr said that the investment amounted to almost half a billion crowns, and would help create 120 new jobs. The Mitsubishi plant, which is going to be co-funded by the Koyo Seiko company and will manufacture car parts, is expected to begin operation by the end of next year.