Chinese BWI Group begins manufacturing shock absorbers for luxury car brands in Panattoni Park Cheb. This leading world manufacturer of car components has already installed technology in the new building and has therefore been able to launch the manufacture of shock absorbers for luxury car manufacturers. Around three hundred new jobs are being created in Panattoni Park Cheb and the surrounding area thanks to investment of around 750 million crowns.
BWI Group has until now operated six production plants throughout the world: three in China, one in Mexico, one in the UK and one in Poland. The production plant, which covers an area of 15,000 square metres, currently manufactures passive shock absorbers for cars and will broaden its portfolio in the future to include other luxury brands. Construction work was financed by the Accolade Group, which owns the building and is leasing it to the Chinese tenant long-term. Real estate consultancy firm CBRE brought the first Chinese tenant to the industrial zone in collaboration with Panattoni Europe and Accolade. The proactive and accommodating approach of the town of Cheb also played a significant role.