Industry News

Bulten makes further investment 08 September 2016

Bulten has taken further steps towards its aim of becoming the industry's most cost-efficient producer of fasteners to secure continuous profitable growth by investing in a new plating line in its German production unit.

Bulten AB has decided to invest €2.8 million in the new plating line. The investment is expected to generate annual savings of approximately €1.4 million with an estimated payback period of approximately two years. Start of production is planned for 2018.
Tommy Andersson, president and CEO of Bulten, commented: “The investment will provide the company with both value added and increased competitiveness as well as better flexibility and control of the process.”
Through this investment, together with the approximately €6 million investment in a new plating line in Poland - announced in June 2016 - the company gets both value added and increased competitiveness and is expected to improve profitability and reduce working capital. The investments will also mean less transportation, which will lead to a significantly reduced impact on the environment. The investment is subject to obtaining necessary permits.

 

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