Bulgaria, Romania, Serbia Revive Bids for VW Plant
Volkswagen AG’s postponement of plans for a €1.3 billion factory in Turkey has prompted previous contenders to revive efforts to win the project.
VW said three days ago it was suspending its site choice for the $1.4 billion plant following sharp international criticism about Turkey’s invasion of Syria. VW indicated previously that the facility would begin production in 2022.
Bulgaria says it is ready to nearly double its offer of government subsidies to €260 million ($288 million)—the most possible under European Union competition rules—to attract the plant.
Romania and Serbia also are hoping to be reconsidered. All three countries were on VW’s list of possible locations. The carmaker also reportedly had considered sites in north Africa.
VW wants to build the plant with annual capacity to make 300,000 Skoda Superb and VW Passat midsize cars.
By James Gaffney, Product Engineer, Precision Grinding and Patrick D. Redington, Manager, Precision Grinding Business Unit, Norton Company (Worcester, MA)
Here's an overview of the study of assembly plant productivity that gets the undivided attention of all automakers: "The Harbour Report." Although the Big Three companies are getting better, they still have a way to go. But given the levels of competition, better won't be good enough for some plants, it seems.
PennEngineering offers a global supply for a wide range of fasteners for the automotive industry, including China-based facilities that manufacture standard and custom products to world-class standards of quality at lower cost.