Polish auto parts maker Izo-Blok SA is expanding production in southern Poland while also eyeing potential acquisitions in Germany and the Czech Republic.
The company told local news agency PAP that it will build a third facility in Chozów, which is also home to its corporate headquarters. Izo-Blok specializes in expanded polypropylene parts, used as energy absorbers in bumpers and interior operations as well as for trunks, battery covers and other parts.
The new factory will supply car parts for a number of major automotive producers, including Volkswagen Group and Jaguar Land Rover. In addition to this, Izo-Blok provides its output to Ford and Fiat.
“We are discussing potential takeovers, but the amounts expected by the owners of German firms are unrealistic, and, on the other hand, we are not in a hurry, as we continue to strengthen our market position,” said Przemysław Skrzydlak, the firm's co-owner and chief executive.
Izo-Blok says it was the first to launch production of EPP in the Polish market in 1998. It is publicly traded, but controlled by Skrzydlak and local businessman Andrzej Kwiatkowski, who each hold a 29.71 percent stake in the firm.
