Standard Products to Open Automotive Plant in Poland
30 April 1998
Standard Products to Open Automotive Plant in Poland
DEARBORN, Mich., April 29 -- The Standard Products Co.
announced today that it has established a subsidiary in Poland and
has acquired land and a partially completed building in the Polish city of
Bielsko-Biala. The Company will expand and complete construction of the
building over the next few months and begin producing automotive sealing
products at the facility by the end of calendar 1998.
The 55,000-square-foot plant will supply sealing products for all Palio
vehicles assembled in Fiat's facilities in Bielsko-Biala, Poland. The Company
intends to expand its presence in Poland in the future as customer demand
increases.
"The expansion of our production capabilities into Poland fits perfectly
with our global strategy," said Theodore K. Zampetis, Standard Products
president and chief operating officer. "Poland is a low-cost producing
country located in the midst of the emerging East European market.
"As a global supplier of sealing and trim systems," he continued, "we want
to be located close to our customer base and to be positioned to support the
continued market growth that we are aggressively pursuing."
The Poland plant will be the fifth new automotive sealing plant the
Company has added in the past five years. Since 1993, Standard Products has
opened new plants in the U.S., Brazil and Mexico and is currently constructing
a new factory in France that will replace an older facility.
Standard Products manufactures sealing, trim and vibration control systems
for the automotive original equipment industry in North and South America and
Europe. Its Holm Industries subsidiary produces seals for residential
refrigerators, freezers, doors and windows. Its Oliver Rubber subsidiary
manufactures tread rubber and equipment for the retread industry. More
information about the Company can be obtained on the Internet at
http://www.stdproducts.com.
SOURCE The Standard Products Co.