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New investments in SEZ reach PLN 4bn in January-July


2011-08-10



Poland’s 14 special economic zones (SEZ) have attracted new investment projects worth PLN 4bn (approx. €985m) in the first seven months of 2011, according to data collected by Rzeczpospolita. This is nearly twice the figure in January-July 2010. The projects are to bring a total of 4,600 new jobs. And the prospects for the remainder of the year appear equally positive, with at least three zones expecting the value of new projects in 2011 as a whole to exceed PLN 1bn (€246m). This means that the total value of new investments in the SEZ in 2011 is set to be significantly higher than the PLN 4.7bn (€1.2bn) approved last year.

The clear leader in the January-July period is the Kostrzyn-Slubice Special Economic Zone (KSSSE), which secured nine new investments worth PLN 1bn (€246m), a five-fold increase over a year earlier (the figure is disproportionately increased by a PLN 737m or €181m project from Green Source, a Spanish maker of biochemical products); followed by the Walbrzych zone with nearly PLN 800m or €197m (helped by a PLN 390m or €96m project from Korean auto parts maker Mando, but not yet including an anticipated PLN 250m or €62m investment from Japanese confectionery group Lotte); and the Katowice zone with PLN 600m (€148m). New investments in the Pomeranian zone, at PLN 215m (€53m), are already higher than in the entire 2010, and talks are in progress about two large projects, one worth €100m and the other PLN 150m (€37m), said its president Teresa Kaminska.

The automotive sector accounts for the largest chunk of new investments, followed by machinery and food.



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