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LiuGong invests in Podkarpackie


2012-10-29



Guangxi LiuGong Machinery, the Chinese construction machinery group, has received approval from the Tarnobrzeg Special Economic Zone (TSSE) for a manufacturing investment at Huta Stalowa Wola (HSW), the maker of earth-moving equipment that it acquired from the Polish government in January. The company will spend a total of PLN 65m (approx. €15.7m) until 2016 on new production equipment for HSW, which will focus on the manufacture of wheeled loaders, tracked bulldozers, and loaders-excavators, as well as on the provision of after sales support. The investment will create 10 new jobs and protect 765 existing ones.

LiuGong’s takeover of the civilian part of HSW earlier this year was the largest foreign direct investment in Poland by a Chinese firm. The company is LiuGong’s first manufacturing hub in the European Union. According to the Industrial Development Agency (ARP), which advised on the privatisation, the new investment in the TSSE further confirms that the Chinese group has long-term plans for the Polish market.



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