Feuer and Andoria Mot to co-build new crankshaft plant
Feuer Powertrain, a German crankshaft producer, has decided to enter into cooperation with Andrychów-based Andoria Mot concerning the building of a new crankshaft factory in the industrial area of Andrychów. Andoria Mot promised to buy the land, part of the machinery and build a new production facility. "We will spend zł.25-30 million on that investment," said Tadeusz Starowicz, Andoria Mot's president. The whole zł.90 million-worth investment will be financed from Andoria's own funds and from bank loans. The production is due to start in the middle of next year. The factory will employ up to 150 workers and produce 40-50,000 crankshafts a year. (Puls Biznesu, p. 5) D.W.