Another successful SARIO project — Jiangsu Xinquan Automotive Trim

The Slovak Investment and Trade Development Agency (SARIO) successfully assisted the Chinese company Xinquan in choosing a suitable location. The investor decided to establish their plant in Prešov. This project represents an important step for the economic growth of the region and the creation of new jobs.

The investor approached SARIO in May 2023 with a request for help in choosing a suitable location for their new plant in Europe. SARIO provided comprehensive services to Xinquan from consulting on topics such as building permits or investment aid scheme assistance to administrative support related to visas for relocated management of the newly established company. SARIO also helped the investor with the selection of a suitable location for the new plant and overall understanding of the local business environment.

When choosing a suitable location in Prešov, favourable logistical conditions, a qualified workforce and the proximity of potential customers were considered in particular. Xinquan, a key player in the field of automotive components production, decided to invest in Slovakia due to the stable business environment and favourable location in Europe. The new plant will be on an area of approx. 18 thousand m2 to focus on the production of automotive parts for the European market.

The investment will create hundreds of new jobs and bring modern technology to the region. For local companies, Xinquan's investment means an opportunity for cooperation, which will contribute to the further development of the local supplier chain in the automotive sector. New jobs will also bring opportunities for residents of Prešov and the surrounding area.

Xinquan's decision to establish itself in Prešov shows that Slovakia continues to be an attractive destination for foreign investors. Thanks to the support of SARIO, it was possible to create solid foundations for long-term cooperation and development, which will strengthen the economy of Prešov and contribute to the overall development of Slovakia.