Tuesday, May 22, 2007

Whirlpool freezes Slovak expansion on strong SKK

(Reuters) - Eduard Horbal, director of Whirlpool's plant in the northern town of Poprad, also said the firm will make fewer washing machines this year than planned due to the strong currency, which has been boosted by a booming economy and expectations of large foreign investment inflows.



"We have made a study to increase output to 3-4 million washing machines a year, but the plan is frozen so far due to the Slovak crown," Horbal told reporters.


Read more at Reuters.com Market News

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