France Still Tops Investment Table as Whirlpool Subcontractors Invest Apr 19, 2004

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The deputy head of the Polish Information and Foreign Investment Agency (PAIiIZ), Sebastian Mikosz has announced that three of Whirlpool's subcontractors plan to invest between U.S. $10 million to $20 million each in the outskirts of Wroclaw, Poland in the near future.

According to the PAIiIZ, each of these investments will create between 50 and 100 new jobs. The decision was taken after the government signed a contract worth 132 million euros (approx. U.S. $436 million) with Whirlpool at the beginning of the month concerning the construction of a cooker plant and the development of its existing freezer and dishwashing machine production lines near Wrocaw. PAIiIZ also revealed that the country received $6.42 billion in foreign investments last year, 51 percent of which were greenfield. For the fourth time running, the largest foreign investor in the country was France, whose companies poured in some $13.8 million. Overall, total foreign investments created around 10,000 new jobs. (Puls Biznesu)

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