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TABLE OF CONTENTS NEWS
INVESTMENTS IN POLAND
FROM THE REGIONS
DID YOU KNOW...?
FROM THE EDITOR Dear Readers! This week information on new foreign investments: Izostal, Hispano-Suiza and RWE Group in co-operation with Kampania Węglowa declared new undertakings. PAIiIZ begins a new project to promote Eastern Poland. We also write about the substantial increase in tourism-connected income in Poland and about the plans to increase the number of places in Polish hotels. Pleasant reading! PAIiIZ’s editorial team NEWS New Visual Identification System for PAIiIZ The Management Board of the Polish Information and Foreign Investment Agency accepted the Agency’s new visual identification system. Due to the changes the Agency will have a new logo.
The currently used logo depicted a standard Polish flag which is now to be replaced with a sail-like pattern evoking the flag of Poland. The identification system is comprised of the mentioned logo and a number of other elements e.g. business cards, headed paper, invitations, name tags, leaflets and posters as well as promo bags, files and the Agency’s informative boards. The new system, designed by a Warsaw-based Lowe Activation agency, is to be gradually applied and its introduction should be complete by the end of October 2008. (PAIiIZ) Go to top...
PAIiIZ with a new project “Economic Promotion of Eastern Poland” On August 18, the Polish Information and Foreign Investment Agency (PAIiIZ) and the Polish Agency for Enterprise Development (PARP) signed a contract to prepare a project “Economic Promotion of Eastern Poland”.
In February 2008 the Polish Information and Foreign Investment Agency became a beneficiary of the individual project within the 4.1 priority of the Operational Programme - Development of Eastern Poland (EPD OP) and is to be responsible for the preparation, coordination and the subsidy settlement of the promotional project. The Operational Programme devised for Eastern Poland involves five Polish voivodships with the lowest GDP per capita in the EU (before the accession of Bulgaria and Romania) i.e. the Lublin, Podkarpacie, Podlasie, Świętokrzyskie and Warmińsko-Maurkskie vovivodships. The main idea behind the programme is to prop up the less developed Eastern regions and thus to eliminate the social and economic disproportion between Eastern Poland and the rest of the country. The project’s goals are to be achieved by means of information and promotion activities targeted at investors interested in the regions as well as by facilitating the self-government representatives’ and entrepreneurs’ participation in international thematic fairs, exhibitions, conferences and trade missions, all this is to be coupled with an advertising campaign of all the regions. (PAIiIZ) INVESTMENTS IN POLAND The Opole voivodship to have a new plant by Izostal Izostal is to build a new factory in the Kolonowskie commune in the Opole voivodship. The plant which is estimated to cost 80 million PLN will focus on pipe covering. The company forms part of Stalprofil capital company.
According to the investor’s forecasts, the new factory, situated in Fosowskie, will offer employment to 100 people. The plant is to search for workers in the direct vicinity of the facility and looks for technology lines and crane operators. In fact, Izostal has been operating in the voivodship for some time now and in Zawadzkie there already operates an Izostal’s plant producing mainly anticorrosive insulation and polyethylene pipes. Now the production of the anticorrosive insulation is to be moved to the plant in Fosowskie where the most modern production line in Eastern Europe is to be installed. The pipes will still to be manufactured in Zawadzkie.
The facility in Fosowskie will have three production lines installed – two destined to external insulation and one meant for internal insulation production. According to the company’s President, Mr Władysław Mrzygłód, production will start in 2009. A ceremony to celebrate the construction initiation took place in the presence of Antoni Jastrzebski, the Opole Deputy Voivod; Józef Szebasta, the Marshal of the Opole voivodship; Konrad Wacławczyk, the Kolonowskie Deputy Mayor; Jerzy Bernhard, President of the Stalprofit Management Bard and Władysłw Mrzygłód. Now at the 10 ha plot bought by Izostal in July 2007 two production premises, a warehouse square, a siding, roads and car parks have been under construction. It is estimated that thanks to the Fosowskie-based factory Izostal’s production capacity is to rise threefold. The company’s products are distributed in the Polish market and throughout the European markets, among others, in Austria, Holland, the UK, Slovakia, Greece and the Baltic countries. The partnership’s main shareholder, ArcelorMittal Poland, originates form India and controls 32% of the company. (COI Opole, Izostal) Hispano-Suiza Polska: further investments in Podkarpacie Hispano-Suiza Polska plans to develop its factory in Sędziszów Małopolski. The producer of plane engine parts wants to invest 20 million EUR and is about to create 100 workplaces.
Hispano-Suiza Polska is a subsidiary of French Hispano-Suiza S.A, which is a part of the SAFRAN Group, an international mechanical power transmission company. The Polish division has been operating in Poland since 2001 and specialises in electronic engine systems for airplanes and helicopters. The company’s plant in Sędziszów Małopolski produces elements for plane engines, among others, for Airbus A-380 and Boeing 787. At the moment the factory offers employment to 350 persons. Mara Różycka, the company’s spokesperson, told the Polish Press Agency that at the moment two new production premises, jointly measuring 8,000 sq m, have been under construction in Sędziszów. One of them is planned to host a department of structural components equipped with one of the most modern production lines in the aviation industry in Poland. The Sędziszów-based plant is to focus on engine nacelle production which is planned to start in October. Initially, round 30 persons is to find job in the department.
Yet the overall number of employees to find work in the factory is estimated to reach 100 in 2008. Among the most wanted workers are grinders, turners, quality engineers and production foremen. Prospective workers are recruited from within the regions in direct vicinity of the facility, from Sędziszów Małopolski and Ropczyce, what is effectively shoring up the local labour market. In August 2008 the Hispano-Suiza received the prestigious title of Solid Employer of Podkarpacie 2007. The company’s award was based on data collected from local state job centres, the municipal councils, communes, city councils and the National Labour Inspectorate. (PAP, Hispano-Suiza Polska) RWE invests 1.5 bln EUR to build a power plant in Silesia RWE, on of the biggest electric power and natural gas utility companies in Europe is to invest 1.5 bln EUR in hard coal power plant. The project is to be carried out in co-operation with Kompania Węglowa, the biggest mining company in Poland.
The plant is to be situated in Wola (Silesia) within the Piast Ruch II mine’s premises owned by Kompania Węglowa. The estimated cost of the undertaking rounds 1.5 bln EUR. Although the project is though as a common venture of RWE and Kompania Węglowa, the special partnership to be set up for the management of the project RWE is bound to keep a majority interest. A joint-venture contract has already been signed by both parties in the presence of the Deputy Prime Minister and the Minister of Economy, Waldemar Pawlak. The contract will now serve as a basis to create a joint-venture entity to be in charge of the station’s layout and obtain the building permissions. The construction is scheduled to start in 2011 and the energy production as well as the plant’s hook up with the national electro-energetic system should take place in the beginning of 2015. “Poland is one of the most important markets where we operate. The new modern and highly effective power plant in one of our key investments. I am very glad that we entered into co-operation with such a propfesional and experienced partner as Kompania Węglowa”, said Mr Filip Thon, the President of RWE Polska. The plant’s construction is to be based on modern technical solutions. Special attention is to be paid to the reduction of CO2 emission. Similarly to other RWE facilities in Germany and Holland the Polish plant will have high efficiency, up to 46% what will make the station on of the most modern and effective in the country as the average efficiency of such stations in Poland accounts for 33-35%. Kompania Węglowa provides localisation and takes care of infrastructure necessary during the construction process. The company will also become a long-term coal supplier for the plant. “The new undertaking is of the utmost importance for the whole region and is bound to revive it in economical and social terms. Already the construction process willl create several thousand new jobs in the region, not to mention the steady employment the plant will offer during the proper exploitation process. Also additional jobs may be created in companies co-operating with the power plant. For my company the co-operation with RWE means a long-term contract for coal supplies reaching 2.5 million tone a year.” RWE is one of the five biggest energetic companies in Europe. It specialises in production, transport, distribution and sale of electric energy and gas. The overall number of the company’s employees amounts to 63 thousand and the number of clients of electric energy riches 20 million and 10 million people buying the RWE’s gas. The RWE’s income for the year 2007 accounted for 43 million EUR. In Poland the company comprises of several entities i.e. of RWE Stoen, RWE Stoen Operator, RWE Stoen Contracting and RWE Renewables Polska. Moreover, RWE owns shares in Elektrociepłownia Będzin (a heat and power generating plant) and Przedsiębiorstwo Wodociągów i Kanalizacji w Dąbrowie Górniczej (a water supply system company). Kompania Węglowa is the biggest hard coal producing company in Poland and the whole of Europe. It has 54% share in the coal sales in Poland and 25% in the European market. Kompania Węglowa is comprised of 16 mines and 5 factories where 63 thousand people find employment. The company’s productive capacity hovers at around 47 million tons a year and its revenue grows steadily to reach an estimated amount of 10 billion PLN in 2008. (Grupa RWE) MACROECONOMIC POLAND
Source: www.nbp.pl FROM THE REGIONS Opatówek - new sub-zone in the Łódź SEZ The new sub-zone in Opatówek stands a good chance of attracting another investment of a well-known confectioner to the Łódź SEZ. 59 million PLN and 250 new workplaces are at stake.
Due to the accessibility to labour force, location in the region and convenient transport connections, Opatówek results to live up to most demanding investment-connected expectations and requirements. According to the Łódź SEZ’s Press Office, the 8 ha greenfield site in Opatówek, i.e. the newly established sub-zone, is now being developed and has a direct access to a public road. It was the investor’s interest in the plot that contributed to the sub-zone’s creation. One of the investment realisation prerequisites consisted in the plot’s SEZ status acquisition. Now the company may benefit from up to 40% rebate of the investment costs. To date, the Łódź SEZ revealed only that the investing company rates among the biggest confectionery producers in Poland and in the world. The estimated value of the planned factory rounds 59 million PLN and is expected to create some 250 new jobs. The Opatówek’s self-government expects the investment to boost the commune’s labour market, offer new development possibilities to local companies and help other prospective investors take note of the sub-zone’s attractive location and investment incentive policy. The Łódź SEZ was created in 1997 and is now comprised of 22 sub-zones located in the Łódź, Mazowsze and Wielkopolska voivodships which now take up an overall area of 511 ha. In 2007 the SEZ closed its 10th year with an overall number of 115 investors who declared the creation of 14 thousand jobs and forecasted the investment costs to the tune of 1.3 billion EUR. (ŁSSE) DID YOU KNOW...? “Design the Polish Euro” “Rzeczpospolita” daily launches a competition Till the end of September pattern designs for a set of Polish Euro coins may be sent to “Rzeczpospolita” daily. The most interesting designs are to be presented to the National Bank of Poland.
The short tradition of introducing the Euro has it that each country is free to use their own designs on the obverse of each of the eight coins. It is up to the country if the whole Euro coins set is to share the same design or if the state wants a separate design for each coin value. The Germans opted for the Brandenburg Gate, Belgium decided on the king’s representation, Cyprus put two chamois’ heads, Malta has the cross and Italy chose Coliseum. “Rzeczpospolita” the contests organiser assures that it is not the perfect artistic work but rather original and interesting ideas that count. The daily puts forward some ideas and suggests to focus on Poland’s most characteristic symbols. famous persons, national or city emblem, a thing inseparably associated with Poland. Due to the fact that every Euro coin set includes eight elements (1, 2, 5, 10,20,50 Cents and 1, 2 Euro coins) between one to eight designs with justification of the option may be sent by e-mail: polskieuro@rp.pl or by mail to “Rzeczpospolita” 51 Prosta Str., 00-838 Warszawa. Pleas indicate the topic of the contest POLSKIE EURO on the envelope. (Rzeczpospolita)  Editorial office: Polish Information and Foreign Investment Agency, 00-585 Warsaw, Bagatela Street 12 Economic Promotion Department, tel: (+48 22) 334 98 15, fax: (+48 22) 334 99 98, e-mail: redakcja@paiz.gov.pl | |||||||||||
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