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Electrolux to Invest in Two Polish Factories
Feb 22, 2005
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Swedish home appliances manufacturer Electrolux is to invest 130 million euros (approx. U.S. $170 million) to build two factories in southwestern Poland, the PAP news agency reported.

One factory, which will produce dishwashers, will be built in Olawa, near the city of Wroclaw, where Electrolux has bought a 30-hectare (90-acre) plot of land for 9 million zlotys (approx. $3.0 million dollars), PAP said.

"We have signed a preliminary agreement for the land. Now, the Swedes are drafting a request for a building permit," PAP quoted Olawa town official Ewa Ewa Szczepanik as saying.

According to Szczepanik, construction of the 40-million-euro factory will begin this year, and when completed, the site will provide jobs for 500 people.

A second, 26-hectare plot has been acquired by the Swedish company in Zarow, also in southwestern Poland, where a 90-million-euro factory was to be built. That installation will also produce dishwashers.

Late last year, Electrolux said the Zarow factory would become operational in 2006, produce 360,000 dishwashers, and employ 350 people.

Electrolux currently has one factory in Poland, which produces clothes dryers. (AFP)

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