Eaton Truck to sink $40 million into subsidiary by 2005

Tczew-based car parts producer Eaton Truck Components, a subsidiary of the American Eaton Truck, said plans are in the pipeline to invest $40 million into expanding its transmissions production, acquiring equipment and modernizing production facilities over the next five years. During the past three years, the parent company invested some $60 million in the modernization of the Polish company's operations. Eaton Truck Components executive Artur Matoga announced that the year 2000 marks the first time Eaton's investments in Poland have proven profitable. The company also said it will move one production site from the United Kingdom to Poland, which should make it easier to accomplish its plans of increasing revenues from $34 million in 2000 to $54 million next year, it said. "Due to this [relocation], transmissions production will jump from 12 thousand units last year to 40 thousand in 2001," said Matoga. According to company officials, Eaton Truck has virtually no domestic competitors on the Polish market, but vies with foreign car-parts manufacturers such as the German companies ZF and Voith. In Poland, Eaton Truck Components supplies Daewoo Motor Polska, Jelcz and Autosan. (Puls Biznesu, pp. 1, 3)