ANTOLIN
Automotive supplier expands US production / New plants in Kentucky
Automotive supplier Grupo Antolin (Burgos / Spain; www.grupoantolin.com) is building two new plants at Louisville, Kentucky / USA, according to the state’s Cabinet for Economic Development, whose financing arm is providing investment aid. The USD 13.7m (EUR 12.7m) investment, which the company said would create 200 jobs within the next three years, includes new equipment, facility upgrades and lease costs for two buildings. Construction was due to begin this month.

The Spanish group, a supplier of automotive interior components such as roof and door linings and instrument panels, already operates an US plant at nearby Hopkinsville, Kentucky, employing 370 people. The state of Kentucky has approved up to USD 4m in performance-based tax incentives.

Grupo Antolin recently concluded its takeover of the automotive interior division of Magna (Aurora, Ontario / Canada; www.magnaint.com) for USD 525m – see Plasteurope.com of 03.09.2015.

18.11.2015 Plasteurope.com [232667-0]
Published on 18.11.2015
Antolin: Autozulieferer baut Produktion in den USA ausGerman version of this article...

© 2001-2024 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by Plasteurope.com, Bad Homburg
Date of print: 26.04.2024 06:52:56   (Ref: 408237542)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp