Nexteer says today’s (7 July) news it is to invest more than EUR50m at its Polish plants of Tychy and Gliwice with three new programmes was clearly due to the stability brought by new owners PCM.

The Chinese purchasers completed their Nexteer buy late last year with the automotive supplier saying such input had played a major role in securing the new business.

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“It was clear the stability that the PCM ownership brought was a very large factor in booking this business,” Nexteer Automotive Poland president Rafal Wyszomirski told just-auto today (7 July) at the Tychy plant near Krakow. 

“Our customers now have clear confirmation that our vision is converted into actions.”

Wyszomirski would not reveal the identity of the three “substantial” programmes, but added one would be for the supplier’s electric power steering (EPS) system with the total EUR50m investment leading to production of more than 1m such units.

Already the home of Nexteer’s single pinion EPS manufacturing, Tychy has received more than EUR40m of investment during the past two years.

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The majority of the cash injection will support global programmes due to start in 2013 and 2014 with preparation work starting next month and finalised in two years time.

Meanwhile the Tychy plant is currently increasing output for the Lancia Ypsilon supermini, while further programme launches are slated to begin in December this year and January 2012.

“The programmes we will launch in the next three years are EPS,” said Wyszomirski. “We will continue with our leadership of this technology and bring the new generation of EPS to launch in 2014.”

He said the customers’ identity would be made known “as soon as we are ready to announce it”.

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