PLP EXPANDS EUROPEAN OPERATIONS WITH NEW FACILITY IN POLAND AND MAJOR UPGRADE IN SPAIN

Rhea-AI Summary

Preformed Line Products (NASDAQ: PLPC) announced a significant expansion of its European operations with two major facility developments. The company is constructing a new facility in Wieprz, Poland, set to open in 2026, which will replace its current Bielsko-Biała operations. The Polish facility will feature a 30% increase in production space and a 50% increase in warehouse space.

Simultaneously, PLP is relocating its Spanish operations to a larger facility in Seville, offering a 250% increase in operational space and 240% more office space. Both expansions aim to meet increasing market demand and support the company's growth in grid modernization, renewable energy, and high-speed broadband infrastructure projects across Europe.

Positive

• 30% increase in production space and 50% increase in warehouse space in new Poland facility
• 250% increase in operational space and 240% more office space in new Spain facility
• Enhanced manufacturing capabilities and expanded product portfolio
• Addition of world-class research and testing laboratory in Poland
• Strategic positioning to better serve European market demand

Negative

• None.

CLEVELAND, May 22, 2025 /PRNewswire/ -- Preformed Line Products Company (NASDAQ: PLPC), a global leader in the design and manufacture of innovative solutions for the energy, communications, and other critical infrastructure industries, today announced a major expansion of its European operations to meet increasing market demand and reinforce its long-term commitment to the region.

PLP has officially begun construction on a new multi-purpose facility in Wieprz, Żywiec County, Poland, which will replace the company's current operations in nearby Bielsko-Biała. The new facility will significantly increase manufacturing capabilities while integrating modern spaces for engineering, operations, and sales support. Once completed in 2026, the site will become a key European hub for several of PLP's core product lines and services.

"At PLP Poland, we're not just building a new facility, we're building the future of our business in Europe and across the globe," said Piotr Rozwadowski, Managing Director of PLP Poland. "This investment will allow us to streamline our production processes, enhance product development, and provide customers with an even greater level of service and support."

Poland Facility Highlights

• Location: Wieprz, Żywiec County, Poland
• Manufacturing: 30% increase in production space
• Warehousing: 50% increase in warehouse space
• Innovation & Testing: World-class research and testing laboratory
• Work Environment: Modern offices and enhanced employee amenities

Simultaneously, PLP is expanding its presence in Southern Europe by relocating its operations in Spain to a much larger facility in Seville. The move is driven by rising demand, an expanding product portfolio, and the need to scale production to support the company's operations throughout the region.

"Our new facility in Seville represents a major leap forward for PLP Spain," said Jose Antonio Rivero, Managing Director of PLP Spain. "With significantly more space and expanded capabilities, we are better equipped to serve our customers, support new product lines, and grow our talented team.

Spain Facility Highlights

• Location: Seville, Spain
• Manufacturing & Warehousing: 250% increase in operational space
• Office Capacity: 240% more office space for team growth and collaboration
• Production Capabilities: Expanded manufacturing lines to support a broader product portfolio
• Employee Amenities: Improved workspaces and facilities

"These investments reflect our confidence in the long-term growth of the European market and the essential role it plays in our overall global strategy," said Dennis McKenna, Chief Executive Officer of PLP. "Our new state-of-the-art facility in Poland and greatly expanded operation in Spain will strengthen PLP's ability to respond to regional needs, support local markets with unmatched service, and deliver precision-engineered solutions to customers around the world."

Both initiatives reinforce PLP's broader strategic vision of aligning its operations with the accelerating pace of global infrastructure projects in areas such as grid modernization, renewable energy, and high-speed broadband.

ABOUT PLP

PLP protects the world's most critical connections by creating stronger and more reliable networks. The company's precision-engineered solutions are trusted by energy and communications providers worldwide to perform better and last longer. With locations in over 20 countries, PLP works as a united global corporation, delivering high-quality products and unparalleled service to customers around the world.

FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding the Company, including those statements regarding the Company's and management's beliefs and expectations concerning the Company's future performance or anticipated financial results, among others. Except for historical information, the matters discussed in this release are forward-looking statements that involve risks and uncertainties which may cause results to differ materially from those set forth in those statements. Among other things, factors that could cause actual results to differ materially from those expressed in such forward-looking statements include the uncertainty in global business conditions and the economy due to factors such as inflation, rising interest rates, tariffs, labor disruptions, military conflict, political instability, exchange rates, natural disasters and health epidemics, the strength of demand and availability of funding for the Company's products and the mix of products sold, the relative degree of competitive and customer price pressure on the Company's products, the cost, availability and quality of raw materials required for the manufacture of products, the Company's continued access to financing, opportunities for business growth through acquisitions and the ability to successfully integrate any acquired businesses, changes in regulations and tax rates, security breaches, litigation and claims and the Company's ability to continue to develop proprietary technology and maintain high-quality products and customer service to meet or exceed new industry performance standards and individual customer expectations, and other factors described under the headings "Forward-Looking Statements" and "Risk Factors" in the Company's 2024 Annual Report on Form 10-K filed with the SEC on March 13, 2025 and subsequent filings with the SEC. The Annual Report on Form 10-K and the Company's other filings with the SEC can be found on the SEC's website at http://www.sec.gov. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

View original content to download multimedia:https://www.prnewswire.com/news-releases/plp-expands-european-operations-with-new-facility-in-poland-and-major-upgrade-in-spain-302462833.html

SOURCE Preformed Line Products Company

FAQ

What are the key features of PLPC's new facility in Poland?

The new PLPC facility in Wieprz, Poland will feature a 30% increase in production space, 50% increase in warehouse space, a world-class research and testing laboratory, and modern offices with enhanced employee amenities. It will replace the current Bielsko-Biała operations and is scheduled to open in 2026.

How much will PLPC's new Spanish facility expand operations?

PLPC's new facility in Seville, Spain will provide a 250% increase in operational space and 240% more office space, along with expanded manufacturing lines to support a broader product portfolio.

When will PLPC's new Poland facility be completed?

PLPC's new facility in Wieprz, Poland is scheduled to be completed in 2026.

What is the strategic importance of PLPC's European expansion?

The expansion strengthens PLP's ability to serve regional needs, support local markets, and deliver precision-engineered solutions while aligning with global infrastructure projects in grid modernization, renewable energy, and high-speed broadband.