# Magna PT receives €13.2 million investment stimulus for transmission plant expansion in Slovakia

Magna PT will receive a €13.278 million investment stimulus from the Slovak government to expand its transmission plant in Kechnec near Košice. The company plans to invest over €144 million by 2023, increasing production capacity to 500,000 transmissions per year.

- Type: Expansion
- Announced: 2021-12-14
- Where: Kechnec near Košice, Slovakia
- Value: $163.0M (144.0M EUR)
- Starts operating: 2023
- Status: announced
- Capacity: 500,000 transmissions per year
- Products: automotive transmissions, dual-clutch transmissions, clutch components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Magna PT](https://endata.com/companies/49426.md)
- [Magna International](https://endata.com/companies/2534.md) (partner)

## Sources

- [trend.sk](https://www.trend.sk/spravy/vdaka-vladnemu-investicnemu-stimulu-miliony-eur-magna-pt-vyrazne-rozsiri-vyrobu-prevodoviek), 2021-12-14: "Cieľom investičného zámeru prijímateľa je rozšírenie kapacity existujúcej prevádzkarne v Kechneci zameranej na výrobu automobilových prevodoviek."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.