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Johns Manville is planning an investment of approximately $100 million in a greenfield glass fiber operation at its Trnava, Slovakia location.
Michael Effing, Global Business Director for Reinforcements states, “We feel confident that the growth in the market and our investment will continue to show JM’s commitment to this industry and to our customers’ plans for growth.”
The new furnace, starting up in the fourth quarter of 2004, will use the latest technology blending North American and European expertise. The furnace will be flexible and can phase in capacity to meet market growth and customer needs. Chuck Griffith, senior vice president of JM’s Engineered Products Group, comments, “We feel that this is a fast-growing market and a prudent investment at the right time. We are committed to meeting our customers requirements and developing innovative products together.“
Factors influencing Johns Manville’s investment in the Trnava facility include Slovakia’s central European location, skilled labour force and attractive cost position. Set to enter the European Union in 2004, Slovakia has attracted many companies in the automotive, industrial and infrastructure industries. Automotive OEM’s and many Tier I and II suppliers have moved or will be moving their manufacturing operations to Slovakia and other Central Eastern European countries over the next few years.
“With our commitment to innovative growth and the powerful backing of Berkshire Hathaway, the JM Reinforcements business is set to make its mark while supporting the growth agenda of our customers around the world,” said Effing. “It underscores JM’s commitment to growing this capital intensive industry and our drive to enhance customer relationships, product innovation and service excellence.”
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