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Poland

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Two leading European banks are promoting the electric car industry with an investment in a new plant in central Poland run by global chemicals and sustainable technologies group Johnson Matthey.

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Boryszew Automotive Plastics (BAP) Group has received the Gold Award for European Suppliers of Toyota Boshoku in the category “Cost Improvement”.

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The expansion of the plant in Poznań has taken over two years – now the preparations for full production of the new Caddy are nearly finished.

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Full production of the e‑Crafter has now begun at the Volkswagen Commercial Vehicles plant in Września.

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Former existing offices, test laboratories, and model shop facilities are now consolidated within the 11,000 sqm TCK (Technical Center Krakow) building.

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In Q1 2020, Boryszew Group (“Boryszew”) generated consolidated revenues of PLN 1.6 billion, with the consolidated EBITDA of PLN 81 million.

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The European Investment Bank (EIB) has signed a €125 million loan with Umicore, the Belgian-based global materials technology and recycling group, to finance part of the greenfield production facility for cathode materials in Poland.

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On 1 June 2020 Stefanie Hegels will take over management of the Volkswagen Commercial Vehicles plant in Września.