# Hoval plans €40M heat pump plant in Istebné, Slovakia

Liechtenstein-based Hoval plans to build a production and warehouse hall for heat pumps at its existing site in Istebné, Slovakia, with an investment of €40 million. The plant is expected to create over 600 jobs and start production in 2024.

- Type: New facility
- Announced: 2022-07-09
- Where: Istebné, Orava, Slovakia
- Value: $40.4M (40.0M EUR)
- Jobs: 600
- Starts operating: 2024
- Status: announced
- Capacity: 32,000 heat pumps per year
- Products: heat pumps
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Hoval](https://endata.com/companies/13414.md)

## Sources

- [e.dennikn.sk](https://e.dennikn.sk/2926736/slovensko-sa-stava-novym-rajom-tepelnych-cerpadiel-v-kratkom-case-ich-tu-chce-vyrabat-uz-druhy-velky-investor/), 2022-07-09: "Nový závod Hovalu sa má rozbehnúť v roku 2024 a rozkladať sa bude na ploche jeden a pol hektára."
- [sita.sk](https://sita.sk/venergetike/firma-hoval-planuje-na-severe-slovenska-postavit-halu-na-vyrobu-tepelnych-cerpadiel/), 2022-07-09: "S výstavbou chcú začať ešte tento rok"

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