Umicore to spend €40 million on a Polish production plant
22:35
Belgian materials technology company Umicore will invest €40 million in a production facility in Nowa Ruda, south-western Poland. The plant will produce emission control catalysts used in cars and trucks.
The investment will allow Umicore to meet the growth in demand for automotive catalysts, resulting mainly from new emission legislation in the European Union, the firm stated.
The investment, expected to initially create 80 jobs, will be the firm’s first industrial operation in Poland. It already has production facilities in Germany, France and Sweden. Construction of the plant will be launched in July 2014 and completion is set for early 2016.
“This investment demonstrates our commitment to serve our customers in the European automotive industry. The decision to invest in Nowa Ruda is the result of excellent cooperation with the local special economic zone and authorities as well as with the Polish government. We are proud that Umicore’s investment will contribute to the economic development of the region,” said Franz-Josef Kron, senior vice president of Umicore’s Automotive Catalysts business unit.
