American Axle & Manufacturing considers Poland for Central European plant

The company wants to invest USD 130 million (zł.411.3 million) and to employ 361 people. Poland is one of the possible locations. "We have been conducting this project for the past few months but we did not get the final answer so far," said Sebastian Mikosz, deputy president of the Polish Information and Foreign Investment Agency (PAIiIZ). AAM is conducting simultaneous negotiations with the Lithuanian government, which offered EUR 13 million (zł.51.1 million) as an investment spur. The Polish offer may not be so generous. "We must not forget that we have directed most of the financial aid to the investment of the Korean LG.Philips, the largest in the Polish history, and there is little means remaining in our next year budget," said Marcin Kaszuba, Deputy Economy Minister. (Puls Biznesu, p. 7) A.F.