By: Jaroslaw Adamowski
EUROPEAN PLASTICS NEWS
June 27, 2014
Japanese car parts molder Nifco Inc. is continuing to invest in increasing the output capacity of its production facility in Poland’s Wałbrzyska special economic zone (WSEZ), in the country’s south-west.
Following the launch of a 14.5 million euro ($19.7 million) project to expand the plant earlier this year, the firm recently secured another permission from the zone to increase its factory’s output and workforce, the WSEZ said in a statement.
Under the plan, Nifco will invest at least 10.8 million euros ($14.7 million) and take on at least 150 new workers at the Polish facility. The investment will allow the manufacturer to launch production of various plastic components which will be supplied to the auto industry.
“The company is planning to complete the investment by December 31, 2020 at latest,” the zone said in the statement. The project will be implemented by the company’s local subsidiary Nifco Poland.
Nifco’s product portfolio includes fasteners, dampers, interior trim items, buckles and console components, according to data released by the firm.
The manufacturer’s production facilities supply their output to Toyota’s offshoots in the United Kingdom, France, Poland and the Czech Republic, and also to Suzuki’s factory in Hungary.