Valeo to launch euro 30 mln car radiator factory in Skawina

French company Valeo will open a new car radiator production factory in Skawina next March. "The new factory, worth euro 30 million is only a part of a bigger Valeo investment plan," said the Valeo Autosystemy country manager Andrzej Wojcikowski. According to company officials, investments will reach euro 120 million before 2003. Apart from the radiators, the Polish branch of Valeo will produce windshield wipers, electric motors, security circuits and clutches. By that time the firm should have hired 2,000 employees and reach sales of euro 300 million a year. The factory in Skawina will provide 650 jobs and will produce cooling equipment for General Motors, DaimlerChrysler, Peugeot and Renault. More than half the production will be sold abroad. Valeo, which has been present in Poland since 1995 has already invested $20 million. Last year the company reached zl. 70 million in sales. (Rzeczpospolita, Sept. 2-3, page B3)