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BSH Plans to Build New Plant in Lódz
Jan 30, 2004
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German appliance maker BSH Bosch und Siemens Hausgerate announced plans to construct a new production plant in Poland at a cost of 50 million euros (approx. U.S. $62 million).

"We would employ between 300 to 400 people," said Andrzej Mas´lak, BSH spokesperson.

Although the final decision will be made in March, it was revealed that the plant would be built in Lódz, Poland, where the company already produces washing machines and dishwashers. One of the main reasons for choosing the location is the ample supply of qualified workers who are currently unemployed.

According to Puls Biznesu sources, the company has already purchased ground for constructing the utility. Representatives of the company, however, do not want to reveal what the new plant will produce.

"The final decision concerning the size of the investment has not yet been made. We expect financial aid from the government and local authorities," Mr. Mas´lak said.

According to analysts, the company could negotiate a sum of 10 million euros from the state. (Warsaw Business Journal)

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