Valeo opened its new facility in the Czech Republic dedicated to manufacturing comfort and driving assistance systems. Located in Rakovník, it comprises 11,000 m2 of production space and 2,300 m2 of office space. The opening ceremony took place in the presence of Jacques Aschenbroich, Chairman & CEO of Valeo.
Valeo invested 35 million euros (CZK 880 million) in the construction of the plant. A wide range of interior products serving the automotive industry latest HMI needs as well as advanced ultrasonic sensors – key driving assistance enablers for automated parking – will be produced annually on its 25 new production lines.
With this new facility, our 5th industrial site along with one major R&D site we confirm our commitment to Czeck Republic, in the heart of our European market, where we have been operating for 25 years and employ over 4,500 people for close to 800 million Euros of turnover.
Valeo’s existing plant in Rakovník will continue to manufacture air conditioning systems for both combustion engine and electric vehicles as well as front-end modules with active grille shutters. These systems help to reduce vehicle fuel consumption and, therefore, CO2 emissions.
Valeo has been present in the Czech Republic since 1994, when it created its first plant in Rakovník. Three other plants were opened subsequently, in Žebrák (2001), Humpolec (2002) and Podbořany (2005), to manufacture air conditioning systems, exhaust gas recirculation systems, control panels, front-end modules and hydraulic actuators. A Research and Development center was set up in Prague in 2002. Most recently, an active safety test track was developed in Milovice to validate advanced driving assistance systems and automated driving test scenarios.
Today, Valeo is one of the biggest automotive industry employers in the Czech Republic, with almost 4,500 employees across its five different locations. The Group intends to deliver significant business growth and create several hundred jobs in the country in the coming years.