By Richard Higgs, Plastics News Correspondent
Pisek, Czech Republic - Car component manufacturer Groupe Faurecia plans to recruit another 500 workers at three plants it now runs in Pisek by the end of next year.
Nanterre, France-based Faurecia just formally opened its third plant, which makes seat components, in the Czech city. The three units, where Faurecia also manufactures door panels and exhaust systems, already employ a combined workforce of 1050.
Faurecia, which has invested Euro 50 million euros ($73 million) at the new 486 000-sq.ft Pisek site, expects the plants to generate annual sales of 93 million euros ($137 million) this year. That figure should soar to Euro 215 million ($316 million) in 2008, according to the group.
The French company now has seven plants in the Czech Republic, together employing nearly 3400. Its customers include Volkswagen, Seal, Renault, PSA Peugeot Citroën, Mercedes-Benz and Skoda.