Bosal is to open a new plant and competence centre in Nyköping, Sweden, creating up to 400 jobs.
This marks the start of Bosal s production and development activities in Scandinavia and will eventually also involve a regional hub for aftermarket activities.
The initial investment in Nyköping will be around EUR20m (US$24m) and aims to create 200-400 jobs.
Bosal has outlined a business plan to expand its portfolio of on- and off-road products for the Scandinavian market, on the back of its vertical integration and diversification strategy.
Bosal says Nyköping is a good location for its Scandinavian ventures because of the know-how, competencies and supply chain in automotive manufacturing, available in the region.