Southco

Type
Business expansion
Country
Poland
Region
Makroregion wschodni; Podkarpackie; Rzeszowski
Location of affected unit(s)
Tajęcina
Sector
Manufacturing
(24 - 25) Manufacture of metals
25.6 - Manufacture of cutlery, tools and general hardware
25.62 - Manufacture of locks and hinges
180 jobs
Number of planned job creations
Job creation
Announcement Date
25 September 2019
Employment effect (start)
Foreseen end date
31 December 2021

Description

Industrial locking systems manufacturing company Southco announced the opening of a new plant in Tajęcina near Rzeszów. The business expansion is expected to create 180 new job positions within the next few years. With an area of 5,600 square metres, the plant already has a workforce of around 70 employees, which is ultimately planned to reach an employment level of 500 people.

Founded in 1899, currently a subsidiary of TouchPoint, the company produces locking systems, including locks, latches, hinges and handles, for the automotive, construction, medical equipment, telecommunications and IT industries.

Sources

Citation

Eurofound (2019), Southco, Business expansion in Poland, factsheet number 98903, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98903.