6/27/2016 1:11:00 PM
HEADLINES
Bulten Plans Plating Line in Poland
Bulten AB plans to invest approximately EUR 6 million in a new plating line in its Polish production unit, the company announced. The investment is expected to generate annual savings of approximately EUR 2 million with an estimated payback period of just over three years. Production should commence at the end of 2018 with a gradual ramp up in the following years.
“Now we are taking another step towards becoming the industry’s most cost-efficient producer of fasteners,” stated CEO Tommy Andersson. “The investment in a new plating line will improve profitability, reduce working capital and to provide greater flexibility and control over the process.”
The new plating line is expected to have a capacity of 10,500 tons per year, with the possibility of finishing more production units.
Offering surface treatment services provides Bulten both “value added and increased competitiveness.”
“The investment will also mean less transportation, which will lead to a significantly reduced impact on the environment,” the company noted.
Founded in 1873, Bulten supplies fasteners to the global automotive industry. The company has 1,200 employees in nine countries. Web: bulten.com
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