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Honeywell Wins Investor of the Year Competition for R&D centre at CTPark Brno

Honeywell’s won 1st place for its three new R&D labs at CTPark Brno, which focus on aerospace, automation and control. Total invesment was nearly CZK 250 million and the company plans to open five more laboratories in the coming months. The modern research facilities will offer 300 new jobs in the South Moravia region and will become Honeywell’s biggest research and development centre in Europe.

The yearly award by CzechInvest and AFI recognises the most significant achievements that contributed to the development of business in the Czech Republic last year. The winners of the sixteenth annual Investor and Business Property of the Year competition were announced by CzechInvest and the AFI at an awards ceremony held at Slovanský dům on Tuesday, 25 October 2016. Awards were presented to a total of eleven significant investors and business properties for 2015. The specialist partner of the competition, the Association for Foreign Investment, awarded special prizes to two winners. The event was held under the auspices of Minister of Industry and Trade Jan Mládek.

“In 2015, CzechInvest arranged investments worth nearly CZK 45 billion. More than 30% of all investments involved high-tech projects. This is a clear signal that the Czech Republic has made itself known in the world as an ideal destination for investments with higher added value,” says Minister of Industry and Trade Jan Mládek. “Besides high-quality people, one of the most important criteria is the speed with which an investor can start doing business. It is thus necessary of course to also have a high-quality offer of suitable properties, which is an area in which we definitely feel that there is room for improvement in the future. Therefore, with the support of numerous cities and towns, we selected appropriate locations that new investors can occupy over the next several years,” says Karel Kučera, CEO of CzechInvest.

Read the CzechInvest Press Release here