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Ústí nad Labem Region, Czechia approved delimitation of areas for deep mining of lithium at Cínovec in Ore Mountains. Decision of representatives is key for further decisions by investor Geomet (51/49 joint venture of Severočeské doly/ČEZ and European Metals Holdings/EMH) on implementation of project worth CZK 42 billion (EUR 1.7 billion), of which costs of building processing plant should be CZK 25 billion and mine itself CZK 5 billion. Project made significant progress in recent years – completion of definitive feasibility study/DFS and submission of EIA documentation to Ministry of Environment (December 2025), awarding subsidy of maximum of EUR 350 million/CZK 8.8 billion for construction of lithium processing plant in Prunéřov near Chomutov from Strategic Investments for Climate Neutral Economy programme (November 2025), receiving grant of CZK 800 million/EUR 32 million from Fair Transition Fund (April 2025), inclusion by European Commission among strategic projects under Critical Raw Materials Act/CRMA regulation (March 2025), changing location of processing plant from Dukla industrial zone near Újezdeček to Prunéřov to site of former coal-fired power plant (April 2024), EBRD invested EUR 6 million in EMH shares and currently holds 5.18% interest (July 2023), redemption of land and options in Dukla location for CZK 966 million (June 2023), EMH approved transfer of 51% stake to ČEZ by increasing Geomet's capital by EUR 29.1 million (April 2020), EMH acquired Geomet (February 2014), Geomet founded (November 2007). This to be followed by preparation of documentation for building permit. Investor expects mining to begin in 2030. Mining operation and raw material processing plant to directly create approximately 2,000 jobs, with further 2,000 jobs created in downstream supply chain. Total of 3.2 million tonnes of ore per year can be mined at Cínovec and will produce approximately 37,500 tons of battery-grade lithium carbonate for up to 1.3 million electric vehicles (EVs). Czechia has 10th largest lithium reserves in world (3-5%) and 2nd largest in Europe after Germany. Net present value (NPV) in Cínovec deep deposit was USD 1.94 billion as of January 2022. Automotive industry accounts for about 10% of Czechia’s GDP. In coming years, it will undergo inevitable transformation from internal combustion engines (ICEs) to electromobility. Czech source of lithium will help preserve jobs, automotive tradition, wide supply chain and follow-up services, added ČEZ, which is also planning gigafactory for electric car battery cells in Prunéřov

April 7, 2026 | 07:46am CETflash
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Factories
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TPCA strengthened recruiting capacities with two new personnel agencies

November 18, 2013 | 11:45pm CEToriginal
One of them also opened a branch office in Kolin. Their profiles and clients, starting salary and benefits at TPCA...
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Nexen Tire wants to double production of tires by 2018, plans to build factory in Europe

November 18, 2013 | 02:00am CEToriginal
Considered countries and locations in Central Europe, assistance of the agency CzechInvest, the investment, HR, current and projected volumes, clients...
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Car production in Czech Rep went up by 3% y/y in October

November 18, 2013 | 01:35am CEToriginal
Skoda Auto, Tatra, Iveco and SOR increased their production. The results of all manufacturers including Hyundai and TPCA, the results for 10 months, the improved 2013 outlook of PwC...
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TPCA prepares for production of new-generation mini cars

November 14, 2013 | 11:19pm CEToriginal
Temporary cessation of production, modernization of lines, replacement of technologies, amount of investments, recruitment of agency staff, the production plan for 2013...
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Kozub (Home Credit): Intervention of central bank to raise prices of cars imported to Czech Rep, but not drastically

November 11, 2013 | 12:19am CEToriginal
On the contrary, the weaker koruna is good news for Czech manufacturers. Statements of PwC, Skoda Auto and SDA...
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AGC Automotive wants to become leader in production of automotive glass in Europe, to expand its biggest plant

November 6, 2013 | 03:10am CEToriginal
A new hall in the Czech Republic, the amount of investment, timing, HR, local and global clients, new orders, R&D, reduction of capital of the Czech plant...
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HP Pelzer to expand one of its plants in Czech Rep

November 3, 2013 | 11:54pm CEToriginal
Location, new hall, products and customers, HR, overall production growth in the country...
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Aisin Seiki wants to build new plant in Czech Rep

October 28, 2013 | 11:39pm CEToriginal
Location, investment parameters, HR, introduction of new products, clients, growth plan for the years 2012-2016...
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GS Caltex to increase production in Czech plant by 80 % by 2016

October 22, 2013 | 11:26pm CEToriginal
Location, amount of investment, products, the carmakers’ subcontractor, clients in Central Europe, HR...
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Car production in Czech Rep rose by 5.3% y/y in September

October 20, 2013 | 11:44pm CEToriginal
Skoda Auto, Hyundai, Tatra and Iveco increased production by more than 10%. The results of all manufacturers including TPCA and SOR, production in Q3 and Q1-3, the outlook of PwC for 2013 and 2014...
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Kasko expanded production capacity and tool shop in Czech Rep

October 17, 2013 | 08:35pm CEToriginal
Location, new presses, painted plastics, revenue growth in 2012, HR, clients (carmakers, Tier 1 and Tier 2 suppliers)...
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Conference on automotive industry in Czech Rep and Central Europe to take place in Brno

October 16, 2013 | 11:53pm CEToriginal
Contract meetings with Austrian firms, speakers from ACEA, Skoda, PSA, TPCA, Hyundai, Iveco, KPMG, Roland Berger, Brano, 3M or CTP...
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Global Safety Textiles to cease production in Czech Rep, on second attempt

October 14, 2013 | 12:41am CEToriginal
The last Czech customer gave it the okay. Moving production of airbags to Eastern Europe, orders, timing, HR, GST’s new owner from South Korea...
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PSA to allegedly move production of Citroen C3 Picasso from Slovakia to Western Europe

September 30, 2013 | 11:14pm CEToriginal
Production of the Opel Zafira should also be moved from Germany to the west. The affected factories, utilization of the Trnava plant, negotiations with trade unions in France...
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Car production in Czech Rep up by 50% y/y in August

September 29, 2013 | 09:50pm CEToriginal
Skoda Auto and Tatra doubled their production, Iveco and Hyundai showed good results, too. The results of all manufacturers including TPCA and SOR, reasons, production over eight months...
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PSA to cut production in Slovakia again

September 18, 2013 | 10:41pm CEToriginal
Dates of the plant shutdowns in Trnava, production plan in 2013, a two-year wage freeze, the system of flexi accounts...
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Viza Automocion plans to expand its plant in Czech Rep

September 8, 2013 | 11:53pm CEToriginal
Location, increase in capacity, products, existing customers, new clients – German carmakers, HR, recruitment abroad, laser welding...
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Car production in Czech Rep fell by 19% y/y in July, by 14% in first seven months

September 8, 2013 | 11:27pm CEToriginal
Skoda Auto saw a drop of 18%, Hyundai Motor of 3% and TPCA of 14%. Production of trucks, buses and motorcycles also fell, Tatra rose...
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Plakor wants to expand its plant in Czech Rep

August 11, 2013 | 11:35pm CEToriginal
The Mosnov plant supplies plastic parts exclusively for Hyundai-Kia. Details of the investment, timing, HR, the new owner of Plakor...
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Keri plans further growth in 2013, investing in Czech Rep

August 8, 2013 | 10:58pm CEToriginal
The company specializes in control preparations, cubing and non-contact measurement of parts. Revenues, investments in the plant, HR, clients...
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Car production decreased by 13.1% in Czech Rep in H1

July 18, 2013 | 06:26am CEToriginal
Skoda Auto has seen a drop of 15.8%, Hyundai Motor of 4.8% and TPCA of 15.9%. Reasons, production of trucks (Tatra, Avia) and buses...
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Car production in Czech Rep fell by 6% in May, by 14.5% over five months

June 17, 2013 | 12:30am CEToriginal
The decline was recorded by Skoda, Hyundai and TPCA. Avia produced a few trucks only, production of Tatra increased. Production of buses declined slightly...
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Floods in Czech Rep: TPCA to lend five cars with fuel, announced fundraiser, gave employees paid time off

June 6, 2013 | 11:44pm CEToriginal
The affected models, lease time, the use of cars in Kolin and by humanitarian organization People in Need, a gift to the city...
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Floods in Czech Rep: Porsche to cut production in Germany

June 5, 2013 | 11:26pm CEToriginal
This is caused by complications in logistics. The affected plants and models, cancellation of shifts, compensation in the form of additional shifts...
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UFI Filters to build plant in Czech Rep, in second country in Europe

June 5, 2013 | 03:40am CEToriginal
Location, developer, size of the hall, the products of the Italian company, production volume, HR, clients in the world and the Czech Republic...
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