Korea's
Shinchang will build a factory in Gliwice
22.02.2008
At
a cost of 27 million PLN the Korean firm Shinchang will open
an accessories factory for cars and car engines. Work will be
provided for 200 people.
The plant will be built within the area of the Katowice Special
Economic Zone (KSEZ). Mr Igor Jelonek of KSEZ, stated that the
company had been awarded permission to trade in the Zone. Shinchang
specialises in electronic components designed for car engines
and equipment. The company is part of an international corporation
producing car parts and components.
In the first stage of the operation the investor plans to begin
the production of plastic car parts, mainly for the Hyundai
and Kia works in Slovakia. In the second stage of the development
the firm plans to broaden its range of plastic components, to
electrical and domestic appliances. The KSEZ investment will
provide work for 200 people.
Shinchang Poland is the second Korean investment in the KSEZ.
In autumn of last year, the firm: Korea Fuel-Tech Poland - belonging
to the Korea Fuel-Tech Corporation Inc., a joint venture company
from the Italy Ergom Group - decided to invest in D±browa Górnicza.
As Mr Jelonek said, there are other South Korean investors that
are considering investments in ¦l±sk, with whom talks are in
progress. The increasing interest in investments in ¦l±sk, by
Korean corporations from the motor industry is one of the reasons
for the impending increase of the KSEZ's area by 135 ha.
According to Mr Piotr Wojaczek, the KSEZ president, throughout
2008 the Zone is expecting investments valued at 1.5 billion
PLN, which will create a total of 2.5 to 3 thousand new jobs.
.
Source:
PAP
