Slovakia PM opens Hoval heat pump plant in Istebné

The Prime Minister of the Slovak Republic, Robert Fico, formally opened Hoval’s new heat pump manufacturing plant in Istebné on 26 August 2025.

• Main announcement and project details: Hoval opened a new heat pump plant in Istebné with an investment of approximately €60 million; construction began in 2023. The plant will deploy green technologies including photovoltaics, energy recuperation, and a green roof, and Hoval aims to produce up to 32,000 heat pumps per year and employ 600 people by 2030 (current staff ~340; operating on Orava since 2005).
• Background and statements: Hoval is a Liechtenstein company and a leading European heating and cooling equipment manufacturer (boilers, heat exchangers, HVAC). PM Fico emphasized diversification from the automotive sector and noted historical Slovak inventor Aurel Stodola; event details:
  • Date: 26.08.2025
  • Location: Istebné, Orava region, Slovakia
  • Agenda/subject: ceremonial opening of the Hoval heat pump manufacturing facility.