Bulten has inaugurated it's new production facility in Taipei, Taiwan through its subsidiary PSM Fasteners Taiwan Ltd. With the establishment of the new facility, Bulten has strengthened its position as an international supplier of fastener solutions and created good conditions for managing future growth.
Bulten obtained PSM Taiwan in February of 2020, and has predominantly focused on producing machined, smaller dimension fasteners for automotive and non-automotive customers. In addition to increasing efficiency and employee satisfaction, PSM Taiwan will move its operations from its current location to the new site approximately 30 minutes away.
Anders Nyström, President and CEO of Bulten said: “Taiwan is a center for fastener manufacturing in Asia and the world, with great know-how and proximity to necessary infrastructure as a machine and tool manufacturer. Having a modern manufacturing facility in Taiwan is important for Bulten and is an essential step for our future growth.”
The larger facility will allow for the company to in-source a share of the components that are purchased from suppliers and utilise PSM Taiwan for production in connection with new contracts. Additionally, the new facility enables more efficient and sustainable operation and forms a basis for further expansion.
The lease runs for a period of five years with the option for extension. One-time transfer costs will be approximately 4 MSEK and the additional recurring lease cost will be approximately 1.8 MSEK per year.