Molex looking to grow in Poland

"There will be no further expansion here, as there is no such possibility. We will employ a further 300-400 people [currently 2,250 are employed]. We will look for another location. This is a very recent idea, which has just been agreed upon with American partners, and thus we have not made a decision concerning the investment's value," said Andrzej Durdyn, managing director of Moltech Polska. Details should be expected within a couple of months. "We will take the final decision within four months. We have eyed a few locations with proper staff and logistics infrastructure," added Durdyn. The Polish plant is exporting 90% of its output and delivers cable bundles to the automotive, telecommunication, white goods and IT sectors. The company's turnover in H1 amounted to over zl.35 million, while for the whole of last year the figure stood at zl.200 million. "The group's objective is net profit amounting to 10% of sales," said Durdyn. (Puls Biznesu, pp.1, 5) M.M.