Uniwheels will build third factory in Poland

Germany's alloy wheels manufacturer Uniwheels is planning to start construction of its fourth in total and third in Poland wheel factory in Stalowa Wola. The new plant will create 250 workplaces and produce 2 million wheels annually, the firm's CEO Ralf Schmid announced.  "In response to the market's  favorable conditions and the increasing demand. ... Uniwheels is going to expand its business in Poland and increase its capacity here," the CEO said. The construction will be launched next year. The company wants the factory to work at full capacity starting 2018. Uniwheels currently has three factories, two in Stalowa Wola accounting for 83 percent of the entire output and one in Wardohl, Germany. The company is one of Europe's largest wheels manufacturers. It recorded a revenue of €337.2 million in 2013.