Bulten makes a capacity and replacement investment in a new heat treatment line in Hallstahammar
Bulten makes an investment in a new heat treatment line in Hallstahammar of approximately SEK 45 million to ensure the capacity for already taken orders and future growth.
"The investment will provide the company and the unit in Hallstahammar with increased capacity and flexibility", says Tommy Andersson, President and CEO of Bulten.
Bulten AB (publ) has decided to invest approximately SEK 45 million in a new heat treatment line in its Swedish production unit in Hallstahammar. The investment is expected to have an estimated payback of approximately 4-5 years. Production start is scheduled for 2019.
Through this investment, the Swedish production unit increases its capacity by approximately 25 percent.
For further information, please contact:
Tommy Andersson, President and CEO
Kamilla Oresvärd, Communications Director
Tel: +46 70-520 59 00, e-mail: firstname.lastname@example.org
This information is information that Bulten AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the SVP Corporate Communications set out above, at 13:30 CET on 26 October, 2017.
Bulten is one of the leading suppliers of fasteners to the international automotive industry. The company’s product range includes everything from customer-specific standard products to customized special fasteners. The company also provides technical development, line-feeding, logistics, material and production expertise. Bulten offers a Full Service Provider concept or parts thereof. The company was founded in 1873, has some 1,300 employees in nine countries and head office in Gothenburg. The share (BULTEN) is listed on Nasdaq Stockholm. More information can be found at www.bulten.com.