Company making plastic car parts to build factory in northeast Bohemia

The Portuguese company Simoldes Plasticos, which produces plastic parts for cars, is to open a new factory at Rychnov nad Kněžnou in northeast Bohemia, the newspaper E15 reported on Monday. The firm is planning to invest CZK 800 million in the factory, which will employ around 300 people. E15 said Simoldes Plasticos had been attracted to Rychnov nad Kněžnou by the expansion of production by Škoda Auto at the nearby Kvasiny.