Kongsberg Automotive to build PLN 150 mln plant

Polish subsidiary of Norwegian car parts producer Kongsberg Automotive will build a PLN 150 million factory in Brześć Kujawski, the company said in a market filing. The facility will employ 1,000 people. “We’ve made the decision to build a new plant in Poland due to the significant growth momentum we expect. Over the next 5 years, we plan on increasing our revenue by 80 percent. New contracts for our products are being signed constantly,” company’s managing director Krzysztof Hauk said. The construction of the plant will begin this quarter and the completion is expected for Q4 this year.