Bulten AB has invested 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.
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.
“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,” said Tommy Andersson, Bulten President and CEO.
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 get an efficient production flow to handle future growth.