DEJONG Chooses CTPark Prešov North for New Facility in Europe
DEJONG Leases Prime Space in CTPark Prešov North
CTP, known as Europe's largest developer of industrial properties, has announced that DEJONG, a prominent name in the manufacture of stainless-steel hot water tanks, has signed a long-term lease for 33,000 square meters of space at CTPark Prešov North. This marks a significant milestone as it is the first occupancy in this new industrial park, which offers a total of 200,000 square meters of gross lettable area across 43.5 hectares.
Strategic Decision for Growth
DEJONG has become a distinguished sector leader under Rheem Global Water while being recognized as the top manufacturer of water heating systems in North America. The decision to settle at CTPark Prešov North comes after a thorough selection process aimed at identifying an ideal location to enhance its operation and meet the rapidly growing demand for hot water tanks in Europe.
The new facility will be split into 29,800 square meters dedicated to warehouse space and 3,200 square meters for office purposes. This setup will allow DEJONG to operate efficiently and effectively, addressing the needs of its clients across the continent.
Construction and Employment Prospects
Construction at the CTPark Prešov North site is already underway, with completion anticipated by early 2026. The development is expected to generate hundreds of new jobs, thereby fostering economic growth in the local community and enhancing the regional supply chain.
Since Rheem took charge of DEJONG in 2022, the organization has focused on expanding its production capabilities and investing in its future. This new facility not only aligns with DEJONG’s growth strategy but also positions them to strengthen their market leadership in Europe.
Local Workforce and Support
As stated by Lee Fletcher, Plant Manager of DEJONG Slovakia, the choice of Eastern Slovakia as a location was influenced by the availability of a skilled, multi-lingual workforce and well-established infrastructure. The commitment to invest in this region demonstrates DEJONG's intent to bolster its operations effectively.
Significance of the Investment
Rheem Europe’s Managing Director, Arno La Haye, expressed pride in supporting DEJONG's project, highlighting it as a crucial component of Rheem’s growth strategy in Europe. Their approach reflects a commitment to delivering innovative and sustainable heating solutions to a growing customer base.
Cycling Industrial Growth
CTP's COO, Peter Ceresnik, remarked on the burgeoning potential in Eastern Slovakia, emphasizing that the demand for industrial real estate is rising sharply. The arrival of DEJONG at CTPark Prešov North signals a partnership aimed at sustainable, long-term growth impacting the economic landscape of the region substantially.
Strategic Regional Positioning
CTPark Prešov North enjoys a strategic location in Prešov, Slovakia's third-largest city, benefiting from comprehensive transport links across the country. This region is well-positioned for trade, with Poland located just 70 kilometers away. The specific advantages—such as a competitive labor market and a robust industrial base—position this area favorably for continued investment and development.
A Thriving Economic Environment
This area is drawing in significant foreign investment. For instance, recent announcements include Volvo Cars' investment of approximately €1.2 billion for a new manufacturing facility in Košice. Similarly, major corporations like BMW Group are investing heavily in renewable energy projects, further highlighting the economic growth opportunities present in Central Eastern Europe.
CTP’s Expansive Reach
CTP is not only leading the way in Slovakia with its significant holdings of over 803,000 square meters of industrial space across 14 parks, but also expanding into neighboring countries including Hungary and Romania with projects that further solidify its market presence.
About DEJONG and CTP
Founded in 1859 and based in the Netherlands, DEJONG aims to innovate in the hot water tank sector by working closely with clients to develop tailored solutions across various applications, including heat pumps and solar systems. Meanwhile, CTP stands as Europe's largest publicly listed owner, developer, and manager of industrial real estate, having amassed 12.4 million square meters of gross lettable area while maintaining a strong commitment to sustainability through initiatives acknowledged by organizations like Sustainalytics.
Frequently Asked Questions
1. What facility has DEJONG leased?
DEJONG has leased 33,000 square meters of warehouse and office space at CTPark Prešov North.
2. Why did DEJONG select Prešov North?
DEJONG chose Prešov North for its skilled workforce, infrastructure, and local government support.
3. When is the new facility expected to be operational?
The facility’s construction is set to be completed by early 2026.
4. What is the overall impact of this investment?
This investment is projected to generate hundreds of jobs and strengthen the local supply chain.
5. What is CTP's role in this development?
CTP is the developer of CTPark Prešov North and is focused on sustainable industrial growth in the region.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Ferring Pharmaceuticals Expands Gene Therapy Production in Europe
- Bank of America Experience Disruption: Customers Left Hanging
- Key Legislative Changes Enhancing US Semiconductor Manufacturing
- Flex LNG Achieves Major Financing Milestone of $430 Million
- JPMorgan Downgrades ChargePoint Due to EV Market Dynamics
- CoreCard Faces Uncertainty Amid Goldman Sachs Transition
- HSBC Maintains Positive Outlook on SK Hynix Despite Price Target Cut
- New Fortress Energy Faces Setbacks and Strategic Shifts Ahead
- HSBC Highlights Potential in China's Market Rally for Investors
- Upcoming Labor Data Could Shift Fed's Rate Cut Strategy
Recent Articles
- Maye Musk Supports Elon Musk's Political Views on X
- Unlocking Growth: EQT AB's Upcoming Q3 Financial Insights
- Global Economic Shifts and Their Impact on Currency Dynamics
- Impact of Dockworker Strike on Shipping and Economy Unfolds
- Valneva Investor Day: Insights into Breakthrough Vaccines
- IBA Partners with Jules Bordet Institute for Cancer Therapy Project
- Exploring Sustainable Solutions in Construction by Sika AG
- Egon Zehnder Launches New Office to Enhance Client Services
- Amazon's Exciting Holiday Offerings During Prime Big Deal Days
- ITE HCMC 2024: Pioneering Green Transformation in Tourism
- 3D Tomosynthesis Enhances Surgical Success in Breast Cancer
- Revolutionizing Home Cybersecurity: NAGRAVISION and Airties Unite
- Global Market Insights: Rate Cuts and Economic Indicators
- Political Strategies: Cryptocurrency Support in the 2024 Race
- Whole Foods CEO Addresses Employee Concerns on Office Culture
- Exploring Market Trends Using Elliott Wave Principles
- Inside Millennium Management's Winning Hedge Fund Strategy
- Liberty Energy Inc. Schedules Q3 2024 Financial Results Call
- Michael Dell's Strategic Stock Sale: Impact on Dell Technologies
- PowerSchool Holdings, Inc. Shareholder Investigations Update
- Sustainable Food Innovations Highlighted at SIAW 2024 in Asia
- Recent Research Highlights the Distress of Captive Elephants
- RDK and MediaTek Launch Innovative Wi-Fi 7 Reference Platform
- Major Stake Acquisition by Rakesh Gangwal at Southwest Airlines
- Solana Developer Challenges Snowden's Claims on Centralization
- Rivian Automotive's Untapped Potential Amid Market Fluctuations
- Concerns Over Cannabis Marketing Tactics Reflect Health Risks
- Trulieve Fights Back Against Florida GOP’s Misleading Claims
- Exploring Cannabis Legalization: A Path to Revenue Growth
- Nvidia's Blackwell GPU: Unmatched Demand and Promising Future
- Elon Musk Labels OpenAI's Funding Tactics as Unethical
- Levi Strauss Evaluates Strategic Alternatives for Dockers Brand
- Advancements in Tissue Engineering Reveal Structure Dynamics
- Tropical Storm Leslie Gathers Strength in the Atlantic Waters
- Philippines Implements New VAT Tax on Global Digital Giants
- ST Telemedia Global Data Centres Recognized for Innovative Excellence
- Is Wall Street Overestimating the Impact of Fed Rate Cuts?
- S&P 500 Analysis: Market Movements and What to Expect Next
- Cryptocurrency Market Faces Pressure Amid Global Tensions
- Exploring Today's Top Stocks: Nvidia, Palantir, Clover, and More
- Caliway Biopharmaceuticals Celebrates Major IPO Milestone
- Market Predictions: Expert Warns of Impending Recession Risks
- Lululemon Shareholders: Important Legal Deadlines You Must Know
- Innovative Partnership Revolutionizes AI Productivity and Efficiency
- Kazuo Ueda's Birthplace: The Banking Challenge in Japan
- Understanding the Recent Trends in Japanese Stocks and Currency
- Extreme Networks Class Action Alert: Important Dates Ahead
- Sprinklr Investors Urged to Take Action Amid Class Action Lawsuit
- Investors Urged to Act on Orthofix Medical Class Action Suit
- Stellantis Investors Urged to Act Now on Class Action Lawsuit