GE to build turboprop engine plant in Czech Republic
New plant to become operational by 2022; will create 500 jobs.
PRAGUE, Czech Republic — The Czech government has signed a deal with General Electric Aviation, a division of US-based General Electric, to build a plant to develop, test and produce turboprop engines in the country.
The Industry and Trade Ministry says the new plant should become operational by the end of 2022 and create some 500 jobs.
It says it is a major US investment deal for the Czech Republic, though both sides declined to say how much GE will spend to build the plant.
A site for the plant is yet to be selected.