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Jaroslaw Adamowski
URETHANES TECHNOLOGY INTERNATIONAL
Published: April 29, 2014 1:36 pm ET
Updated: April 29, 2014 1:44 pm ET
Automotive parts supplier Faurecia SA plans to expand its production facilities in Jelcz-Laskowice and Walbrzych, both located in western Poland. The plants make polyurethane foam that is used in the production of car seats.
Under the plan, the company will invest close to $23 million and create more than 120 new jobs at the two factories, with the aim of increasing the facilities’ capacity. Both plants are located in the Wałbrzyska special economic zone, which grants the company preferential tax treatment for planned investments.
Faurecia, based in Nanterre, France, already has obtained permission to carry out the two PU production projects. The firm has chosen an optimal moment for performing the expansion works at the two plants, according to the Wałbrzyska special economic zone. Starting in July, the Polish government plans to decrease the amount of tax breaks allocated to investors in the country’s special economic zones, the press release said.
The plants are operated by the company’s Polish subsidiary Faurecia Automotive Polska, which launched operations in the local market in 1996. In addition to the production facilities in Jelcz-Laskowice and Wałbrzych, the company operates car parts plants in Legnica, Gorzów Wielkopolski and Grójec, where the subsidiary’s headquarters is situated. | |
