By Rhoda Miel, Plastics News Staff
Dearborn, Michigan -- International Automotive Components Group is investing 58 million euros ($78.8 million) in a new interior parts plant in Romania to supply parts for two cars for customer Ford Motor Co.
The plant in Bals, Romania, will employ 400 people and make instrument panels, door panels, headliners and other interior trim for Ford's plant at Craiova, Romania. The investment will not only support Ford, but will also give IAC increased opportunities to supply other carmakers in Central and Eastern Europe, the company said in a 24 Jan news release.
IAC's European operations are based in Krefeld, Germany. It also has facilities in Poland, Slovakia, the Czech Republic, Belgium, the Netherlands, Sweden, Spain and the United Kingdom.
The Romanian government is supplying state aid valued at 17 million euros ($23.1 million) to help support the investment.
The new plant will cover 15,000 square meters and have injection moulding equipment ranging from 500 to 3,200 tons as well as interior skin and foam production capabilities."