The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
120 jobs Number of planned job creations
Announcement Date
15 February 2006
Employment effect (start)
Foreseen end date
31 December 2011
Description
Japan's Nifco plans to open a factory for automotive plastic parts in Poland. The capital of the new company will be 8 million PLN. By moving part of production from Great Britain and Spain, Nifco wants to reduce costs and adapt to the expectations of buyers of its products such as Toyota and Suzuki.
On 26 July the company announced that it would build the plastic automobile part factory in Świdnica. The new facility will start production in the spring of 2007; plans call for hiring 120 people by 2012 and for realising revenues in excess of PLN 50 million. Nifco has been in existence since 1967; it manufactures clasps, rivets, rings and similar connecting and locking elements for the automotive industry, supplying customers such as Toyota, Suzuki, Mitsubishi, and Nissan as well as Sony. Nifco carries on production in Japan, Hong Kong, Thailand, the United States and a number of other countries.
Sources
26 July 2006: Gazeta Prawna
15 February 2006: Nifco's web page
22 February 2006: Warsawvoice
Citation
Eurofound (2006), Nifco, Business expansion in Poland, factsheet number 63085, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63085.
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