PARIS, France - Faurecia signed an agreement today to
invest in the Walbrzych economic zone in Lower Silesia, western Poland.
commercial successes and the strong growth of the automobile industry in eastern European
countries -- 15% per year over the past three years -- has led the Group to make new
investments in Poland in addition to its Grojec plant opened in 1998. Under the agreement signed today, Faurecia will
build a new plant on a 72,000 m2 site, for the manufacture of metal components for seats.
scheduled to start up in early 2002. The
total investment will be 30 million euros and 570 jobs will be created. Sales will exceed 30 million euros over a full
Faurecia will be
present at the Poznan, Poland, automobile trade show from 25 to 31 May 2000, with a booth
in Hall 24, presenting products and innovations in its four business areas. Faurecia
has had industrial operations in Poland since 1998 with its Grojec plant, south of Warsaw
where it employs 600 people and reports sales of 70 million euros.