Bulten AB has decided to invest around PLN 80.5 million (approximately €19 million) in a new strategically important production and logistics plant in Poland to meet future volumes.
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.
Tommy Andersson, president and CEO of Bulten, commented: “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.”
The additional plant will be built in Radziechowy-Wieprz, in the Katowice Special Economic Zone, about 30km 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 78,000m2 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 centre in Wilkowice to the new building and thus get an efficient production flow to handle future growth.
Will joined Fastener + Fixing Magazine in 2007 and over the last 15 years has experienced every facet of the fastener sector - interviewing key figures within the industry and visiting leading companies and exhibitions around the globe.
Will manages the content strategy across all platforms and is the guardian for the high editorial standards that the Magazine is renowned.