South Korean car parts manufacturer Koam is to invest as much as 50m zloty (€12.5m) in setting up a new production facility in Skoczów, Poland, reported local business daily Puls Biznesu. The planned factory will produce various plastic components for the automotive industry.
The investment is expected to create about 450 new jobs at the new plant, sources close to local authorities told the daily. Skoczów, a municipality in Poland’s south-western region of Silesia, is located some 57 kilometres from Tychy, the country’s automotive hub which hosts plants producing vehicles for Fiat and General Motors.
The Polish factory will be developed by Koam z.o.o., a local subsidiary set up in September 2012 and owned by the manufacturer’s Slovak-based branch, Koam s.r.o.
The South Korean business operates a plastic car parts production facility in Dubnica nad Váhom, Slovakia. The factory produces a wide range of products, including plastic plates, foil, tubes and profiles, according to data from the manufacturer. In the Slovak market, the plant supplies its output to the Kia Motors Slovakia plant in Teplicka nad Váhom. The plant has a workforce of about 340.