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Three foreign investors reduce scope of FDI projects in Poland


2010-12-30



The government on 28 December approved changes to long-term investment support packages for three foreign investors, after they were forced to scale back their investment plans in Poland due to the economic downturn.

Thus, Sharp Manufacturing Poland decided to reduce to PLN 462.5m (approx. €115.9m) from PLN 595.5m (€149.3m) the scale of planned investments at its factory of LCD modules in Lysomice (Kujawsko-Pomorskie voivodship); at the same time, the number of jobs expected to be created by the end of 2011 is now 2,138, down from previously estimated 3,000.

Bridgestone, the Japanese tyre maker, will create 600 jobs at its plant making truck and bus tyres in Stargard Szczecinski (Zachodniopomorskie voivodship), compared with an initial pledge of 759 jobs (the value of investment outlays will be as planned, i.e. PLN 794m or €199m).

Finally, a joint project of UniCredit and BA-CA to create a shared service centre for the Central and Eastern Europe region in Szczecin (Zachodniopomorskie voivodship) will be worth PLN 10.7m (€2.7m) until the end of 2011, down from over PLN 18m (€4.5m) as originally calculated. The number of jobs to be created by the end of 2010 had to be cut to 340 from 435.

All the companies pledged to maintain the new operations and employment levels for at least five years.



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