Global Fastener News

Bulten To Build Second Fastener Plant in Poland

Bulten To Build Second Fastener Plant in Poland
September 11
17:07 2017

Bulten AB will invest approximately SEK 177 million (US$22.1 million) in a new production and logistics plant in Poland, the company announced. The additional plant will be built in Radziechowy-Wieprz, about 30 km from the existing production facility in Bielsko-Biala.

Construction “will start in 2017 and production is expected to start in the first half of 2019.”

With this investment, Bulten can move from the current logistics center in Wilkowice to the new building and thus get an efficient production flow to handle future growth, the company explained.

“We are now taking another step towards becoming the industry’s most cost-effective fastener manufacturer and continue to strengthen Bulten’s position in the market,” stated CEO Tommy Andersson.

Bulten is paying $2.7 million for the 840,000 sq ft parcel of land and about $20 million for the structure.

The total investment amounts to approximately PLN 80.5 million, of which about PLN 9.5 million is for around 78,000 m2 of land and PLN 71 million for the building.

In August Bulten signed a contract to supply fasteners to a “major vehicle manufacturer” in the U.S. The deal was conducted through its U.S. joint venture, Ram-Bul. The annual order value is approximately $ 5.5 million.

Founded in 1873, Bulten supplies automotive fasteners internationally from facilities in Sweden, China, Russia, UK, Germany and Poland and is headquartered in Goteborg, Sweden. Bulten has 1,300 employees in nine countries and the company is listed on Nasdaq Stockholm. Web: Bulten.com

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