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Samsung, PGW, TJX receive state aid for investment projects in Poland

Post Time:Jan 09,2012Classify:Industry NewsView:300

 

The government on 3 January awarded state aid worth PLN 14.7m (approx. €3.3m) to three foreign companies in support of direct investments in Poland worth a combined PLN 560m (approx. €125m).


Samsung Electronics will receive PLN 7.9m (€1.8m) towards the cost of a major expansion of the group’s factory of dishwashers and refrigerators in Wronki (Wielkopolskie voivodship). The project is worth an estimated PLN 282.4m (€63.1m) over 2012-2013 and will involve expansion of existing production lines and installation of new ones. It is expected to create approximately 250 jobs. According to the Government Information Centre (CIR), the investment will give the Wronki complex a realistic chance of becoming the main production base for Samsung’s white goods products.


Pittsburgh Glass Works (PGW), a US glass manufacturer, was awarded PLN 3.6m (€0.8m) – as well as corporate income tax exemptions worth up to PLN 14.7m (€3.3m) – in connection with an ongoing, PLN 204.5m (€45.8m) project to build a factory of laminated automotive glass in Sroda Slaska (Dolnoslaskie voivodship), which is expected to bring 151 jobs.


And TJX, the US discount fashion retailer listed in New York, will receive a grant of PLN 3.2m (€0.7m), as well as corporate tax exemptions of up to PLN 8.5m (€1.9m), in support of a PLN 71.3m (€15.9m) project to build a large logistics and operations management centre for the European market in Wroclaw, which is to employ nearly 1,000 people. 

 

Source: http://www.glassbytes.comAuthor: shangyi

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