Federal Mogul plans to triple its planned investment in new Gorzyce plant

US automotive components maker Federal Mogul is planning to spend zl.390 million over the next four years on modernizing its recently acquired plant at Gorzyce. In the privatization agreement signed several months ago, Federal Mogul committed itself to spending zl.129 million on facilities for the production of pistons for various types of engines. "Presently we know that the capital expenditure for production development will amount to zl.390 million, which is triple the amount envisaged. The investment will be allocated first for the purchase of new production lines. By the year 2005 we will increase production of pistons from 4 million to 13 million a year," managing director of Federal Mogul Gorzyce, Jerzy Nykiel, said. Currently the plant sells parts to such companies as Mercedes, Opel and Volkswagen-Audi. Next year its customers will also include Toyota and Ford. (Puls Biznesu, p. 3) M.T.