Association of Electro-technical Industry of the Slovak Republic
„The Electrical and Electronics Industry
in Slovakia Development“
Slovak Electro-technical Industry (ETI) Characteristic:
- Represents the most important pillar of entire Slovak economy.
- By total revenues in 2010 ETI ranks first, before the machinery industry.
- With over 43 thousand employees is even one of the largest employers.
It employs 12% of all industry workers (373 thousand people in total).
- The most important exporter (before the machinery industry).
- 188 companies employing over 20 employees were active in ETI in 2009.
- ETI is very heterogeneous
with many small companies
and some giants
forming the industry basis.
- Slovakia is virtually the
largest European TV sets
manufacturing plant
with production of
more than 10 mil.
TV sets per year.
Principal Parameters of the Slovak ETI
This development is in contrary to what ETI was experiencing before crisis,
when revenues were growing sevenfold and added valued generation above
fourfold. The number of workers was growing too.
From 2010, total revenues of ETI companies kept growing with double digit
dynamics. This was thanks to the largest Slovak exporter and the largest industry
player – Samsung Electronics Slovakia.
The overall industry growth was especially driven by the expansion of finalization
plants, but also facilities linked to the automotive industry.
In 2009, the crises and saving measures across all industry companies resulted in
increased overall added value by 15 percent. This trend was noted in 2010 too.
Strengths and Opportunities of the Slovak ETI:
- Suitable geographical position of Slovakia, proximity of customers, solid infrastructure.
- Zero exchange risk and conversion costs (following Euro adoption).
- High level of tradition of electrotechnical secondary schools and universities.
- The industry has been increasing in importance and its prestige is growing
in long-term.
- High level of diversification in terms of production types and number
of companies.
- Foreign and national investors extend
production which signalizes their
satisfaction with doing business
in Slovakia.
- Free labor released from plants
with low productivity.
- Manufacturing of cars and LCD TV
sets represents new opportunities for
components manufacturing and offers
jobs for many sub-contractors.
- Innovative domestic companies with
own R&D develop too.
- Acceptable labor price and sufficient workforce.
- Strong conversion exchange rate decreased the attractivity of income for Slovaks
working abroad and part of them may return back.
- Sufficient number of industrial parks for the location of plants.
- Establishment of regional innovation centers and technological clusters.
- For a longer period of time already, both global and local companies have not
been considering Slovakia only due to cheep production price, but also due to
the favorable conditions for the establishment of business centers – these
include technical support, service, in a few cases also design, or even R&D.
- Already in 2009 was demand awakening in the key Slovak export marketsalso revives manufacturing of electric engines, DVD and Blue-ray recorders,
lights, bulbs and fluorescent lamps manufacturers, as well as of a whole range
of products for automotive industry.
- In 2011, foreign investors (e.g. Honeywell, IBM, HP) announced creation
of 2 500 new jobs.
TOP 11 Slovak ETI Companies
2009 Revenues
(EUR mil.)
Samsung Electronics Slovakia, Galanta
3 168
Foxconn Slovakia, Nitra
1 238
Samsung Electronics LCD Slovakia, Voderady
407
Hansol LCD Slovakia, Voderady
217
Emerson, Nové Mesto nad Váhom
180
BSH Drives and Pumps, Michalovce *
172
Panasonic AVC Networks Slovakia, Krompachy
167
Universal Media Corporation (Slovakia),
Nové Mesto n/Váhom
125
Leoni Autokabel Slowakia, Trenčín
107
Osram, Nové Zámky *
102
SE Bordnetze – Slovakia, Nitra *
* ZEP SR Members
91
Source: Trend Analyses
The Current Situation of the Electro-technical Industry
and its Inovation Policy
• There are 5 companies with industrial R&D in ZEP
• CREIT as Centrum for Electritical and IT is
merging with Energy Centrum for more efficiency activity
• Positive trend in cooperation industry and TU
• Acreditation for R&D more company from ZEP
• More large supporting of students activity in inovation as
in the last years
• Positive manufacturing experience of investors
in Slovakia leads to manufacturing capacity expansion
as in as
ELO SYS
International Trade Fair of Electrical
Engineering, Electronics and Power
Engineering ELO SYS where ZEP SR
certificated:
- Electro-technical Product of the Year
- The Best Exhibit of the ELO SYS Fair
- The Designer of the year
- The Unique Product of the year
(with USD 2 000 prize) for product
at patent or invention level.
There were 354 exhibitors
in the Elo Sys 2008
Unique product of the Year 2008
Complex battery powered telemetric system with
universal intelligent sensors SCT-Telemetry,
Soft & Control Technology, Košice
Presented by
Otto Verbich, PhD,
Vice-president of ZEP Slovakia
Kominárska 2-4, 831 03 Bratislava, Slovakia
Tel: +421 2 502 34 259 (905 756 791), Fax: +421 2 502 34 507
zep@zep.sk, kalina@zep.sk
www.zep.sk