Alteams Group expands global operations with a factory start-up in Polish Lebork.

Poland was chosen as the ideal geographical location with regard to European customer base. Additionally cost competitiveness, availability of technical resources and local supplier network e.g. for electrolytic plating were important factors in this decision.

Alteams Poland will be located in Lebork, Pomerania. Targeted net sales after the next few years is expected to reach 30 mln euro/year employing 200-300 people. Total investment will be around 15 mln euro. The factory will be set up within the first half of 2013 and our objective is to be on-line by summer 2013.

- Alteams already has manufacturing locations in China and India to serve the Asian market. To improve support in Europe we have made the decision to establish a high pressure die casting (HPDC) factory in Poland. This strengthens our global presence and improves our competitiveness as a local supplier in the European market - we read in company's announcment.