By Richard Higgs, European Plastics News
Nanterre, France -- French car components maker Faurecia is reported to be planning a fresh investment of more than Euro 8 million ($12 million) in producing car interior components in Slovakia.
The Slovakian offshoot of Nanterre, France-based Faurecia is said to have plans to launch interiors production this summers at its plant in Kosice, Slovakia, one of a number of national facilities it operates for car seating, exterior systems and internal vehicle parts.
This plant is due to supply interior parts to a list of global automotive customers including Audi, Volkswagen, PSA Peugeot Citroen, Ford and Jaguar/Land Rover, according to Slovak news agency TASR.
The additional capacity will lead to the creation of 700 jobs, TASR quoted Faurecia's local personnel manager Nora Batova as stating. Faurecia Automotive Slovakia already employs 330 at the plant. It has other national plants located in Bratislava, Trnava, Zilina, Lovorno and Hlohovec.
Faurecia is already investing more than Euro 11 million in a project to boost dashboard and door panels and centre console production at Hlohovec. The work includes the addition of a new parts assembly hall and storage and administration buildings and was due for completion this year.
In addition, the company plans to employ a further 150 workers Hlohovec for the planned body and paint shop which was awaiting official environmental impact assessment and final approval early in April.
Meanwhile, the group, a division of PSA Peugeot-Citroen, announced its sales for the first quarter of 2011 were up 24 percent year on year at Euro 3960 million. Revenue for the period rose by 15 percent year on year, it said. It put the improvement down largely to its strong performance in North American and Asian markets.
Faurecia forecast its 2011 sales will increase by between 7.3 percent and 11 percent at up to Euro 15300 million.