Family-run Slovenia auto part moulder Polycom Škofja Loka, d.o.o. has just launched a brand new production plant to enable it to handle a rapid growth in its business.
Based at Poljane nad Škofjo Loko in western Slovenia, the injection moulder invested around €12m to construct the new 10,000m2 facility located at the town’s Dobje industrial park.
Construction began in February last year after Polycom outgrew its former plant nearby. The firm is expected to continue using the old buildings as warehouse space for finished products. The new operation, including offices, catering and fitness facilities was inaugurated last month.
Growing component orders saw Polycom almost triple its annual revenue between 2010 and 2016 from €9m to €25m. Last year, business continued to boom as the plastics moulder recorded annual sales topping €31m, surpassing its €27.5m target while Polycom exceeded a projected 2017 profit of €1.4m by half a million euros, local media reported.
With increasing orders, Polycom plans to achieve a profit of €2.5m on annual sales worth €36m this year, the firm’s owner and chief executive officer Iztok Stanonik was quoted as telling the media.
Today, Polycom, founded in 1985 in the Stanonik family garage, operates a range of injection moulding machines, many supplied by KraussMaffei. The firm moulds components, mainly for automotive customers, including Volkswagen and supplier Cimex, but also serves the electronics, home appliance and personal hygiene sectors.
In the past year, the company has increased its workforce from 202 to 270 as the new plant has been taking shape and the new plant’s production is expected to incorporate upgraded technology and robotics, the firm said.
Polycom has been developing products and moulds for parts contracts it won last year which should be in production by 2020-21, according to its CEO.