Polish companies becoming international players In spite of a wobble in 2009 during the peak of anxiety about a global credit crunch, acquisitions by Polish companies abroad have rocketed over the last few years, and analysis suggests that the trend will continue in 2011. A report by the Rzeczpospolita daily predicts that the value of…
Procter & Gamble again in the Łódź SEZ Procter & Gamble to spend at least PLN 130 mln on its new development project in Łodź. On May 10th, 2011 representatives of the company were granted the company’s fifth permission to start business activity in the Łódź Special Economic Zone. The project envisages creation of a modern assembly line…
Metsä Tissue chooses Krapkowice as location for EUR55 million manufacturing investment - This is our biggest factory project in the history of our company - emphasises Hannu Kottonen, president of the Metsä Tissue Group. The project envisages construction of two modern machines for paper production; a new, ecological gas heat and power plant; a processing workshop, a warehouse and modernisation of…
BSH Sprzęt Gospodarstwa Domowego invests in Łódź The concern increases production of clothes dryers in Łódź. BSH wants to invest PLN 80 mln and create 20 jobs. This will be the company’s third development project located in the Łódź Special Economic Zone. The concern was granted two business activity permissions in the SEZ in 2004 and 2010.…
Poland Eyeing Benchmark Issue in 2011 in EUR or USD Poland intends to hold a benchmark issue on one of the core markets in dollars or euros and a private placement in 2011 but remains flexible on exact timing, deputy Finance Minister Dominik Radziwill told reporters in Katowice. "It will be pre-financing of next year's borrowing needs," Radziwill said. "As…
Value of Polish Investment Abroad Expected to Skyrocket This Year Polish companies are stepping up their foreign assets purchases, as their pooled spending on foreign acquisitions roughly doubled year on year to over 900 million euros in 2010. It may skyrocket to 3.9 billion euros this year, provided that the largest transactions announced by WSE-listed giants, copper group KGHM and…
International Investors Interested in Purchasing PKP Cargo Both industry and financial investors, from Poland and abroad, file offers for Poland's railway cargo transport firm PKP Cargo, the second largest company of the kind in Europe. Bidders might include Czech railways unit ED Cargo, who would need a support of the Czech state or a fund to afford…