DÜSSELDORF, Germany, Feb. 7, 2017 /PRNewswire/ -- Expanding its manufacturing footprint further into Eastern Europe, International Automotive Components (IAC) today broke ground for a greenfield plant in Opole, Poland. The facility, which will manufacture tailored instrument panels for premium passenger cars, will be operational in mid-2017 and accounts for an investment of about $20 million.
IAC Opole will be built in steps over the course of 2017, and will cover 27,000 m² (290,625 square feet). It will serve as the Company's 27th plant in Europe, further extending IAC's manufacturing footprint in the growing Eastern European automotive region. Although initially built to provide premium customized instrument panels, the plant has been designed to support future growth by supplying other interiors products to vehicle manufacturers in the region, as many international OEMs are establishing, or already have plants within 100 to 450 km from IAC Opole.
The facility will be built in accordance with IAC's world class manufacturing standards and will initially focus on highly crafted cut & sew operations as well as hand-wrapped premium instrument panels. IAC Opole is expected to generate approximately 550 skilled jobs in the region.
"The IAC Opole installment is aligned with IAC's 2020 Vision, our global strategy of supporting our customers with innovative and high quality interiors solutions that help them to create sales success in the various regions where they are located," said IAC Senior Vice President Cockpit & Overhead Systems Europe Marcus Nyman. "Working in close cooperation with the Opole authorities and our strategic partners on site, we anticipate flawless completion of the plant and we expect to attract a talented workforce that will be key for our product quality and superior service to our customers," said IAC Senior Vice President Manufacturing Strategy Europe Jonas Nilsson.
IAC executives were joined by customer representatives, Opole civic authorities, the first plant employees, and strategic partners from CTP and Adecco for the groundbreaking ceremony.
International Automotive Components (IAC) is a leading global supplier of automotive components and systems, including interior and exterior trim. The company's 2016 sales were $6.0 billion. Headquartered in Luxembourg, IAC Group operates 77 manufacturing facilities in 18 countries. The company has around 100 total locations in 21 countries, including 27 design, technical and commercial centers, and employs more than 31,000 people globally. For more information, visit www.iacgroup.com.
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SOURCE International Automotive Components (IAC)