Bulten continues to grow and invests in a further plant in Poland
Bulten AB (publ) has decided to invest around PLN 80.5 million (approximately SEK 177 million) in a new strategically important production and logistics plant in Poland to meet future volumes. The set-up, which is conditional upon obtaining the required permits, will start in 2017 and production is expected to start in the first half of 2019.
“We are now taking another step towards becoming the industry's most cost-effective fastener manufacturer and continue to strengthen Bulten’s position in the market,” says Tommy Andersson, President and CEO of Bulten.
The additional plant will be built in Radziechowy-Wieprz, in the “Katowice Special Economic Zone”, about 30 km from the existing production plant in Bielsko-Biala. The total investment amounts to approximately PLN 80.5 million, of which about PLN 9.5 million is for around 78,000 m2 of land and PLN 71 million for the building.The investment is within the existing credit agreement. With this investment, Bulten can move from the current logistics center in Wilkowice to the new building and thus get an efficient production flow to handle future growth.
For further information, please contact:
Tommy Andersson, President and CEO
Tel: + 46 (0)31-734 59 00, e-mail: firstname.lastname@example.org
This information is information that Bulten AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 16:00 CET on September 11, 2017.
Bulten AB (publ) is one of the leading suppliers of fasteners to the international automotive industry. The company’s product range includes everything from customer-specific standard products to customized special fasteners. The company also provides technical development, line-feeding, logistics, material and production expertise. Bulten offers a Full Service Provider concept or parts thereof. The company was founded in 1873, has some 1,300 employees in nine countries and head office in Gothenburg. The share (BULTEN) is listed on Nasdaq Stockholm. Read more at www.bulten.com.