American Axle Buys Poland Plant

American Axle said it will establish a manufacturing facility in Poland.

The Detroit-based company plans to purchase a manufacturing building in Oława, Poland. It also bought about 75 acres of land in an industrial park adjacent to the building for future development and has designed a new 170,000 square-foot, state-of- the-art manufacturing plant for that site, to accommodate future manufacturing requirements.

The company expects the operations to begin in late 2006.

The Eastern Europe location will provide excellent geographic access to all vehicle manufacturers throughout Europe and allow AAM to expand its business in the European marketplace, the company said.

Source:TheStreet.com