Kitron to Build EMS Plant in Poland
WARSAW -- Kitron today announced the signing of a letter of intent for a production facility in northern Poland.
Construction of the 8,000 sq. meter (86,111 sq. ft.) facility is planned to start in the fourth quarter, and production is scheduled to start by the third quarter next year.
The EMS company intends to hire approximately 100 workers for the first year of operation, and the site will potentially peak at about 500 employees.
"This is a major step for Kitron," said Peter Nilsson, CEO of Kitron. We have seen strong growth, particularly for our Lithuanian operation, and we see the need to increase capacity. Therefore, we're excited to announce the plans for a state-of-the-art production facility in Poland."
The plan is for a leased facility, purpose-built for Kitron. Investments and capacity increase will occur gradually over a period of about five years. Total expenditure over this period is forecast to be approximately EUR 15 million and is expected to be handled within the annual capital expenditure range of 2 to 3% of revenue previously indicated by the company.
Kitron has electronics manufacturing sites in Norway, Sweden, Lithuania, the US and China. Its Lithuanian operation has expanded rapidly and is now the largest in the Kitron group, employing a staff of about 900.
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