Boryszew to build factory in Germany
14:26
WSE-listed Boryszew has signed a loan contract with state-controlled BGK to finance construction of a production plant in Prenzlau, Germany, a company press release read.
The value of the project totals €21 million. The investment was also co-financed by Brandenburg Land and the German unit of PKO BP.
Boryszew is one the biggest industrial groups in Poland, it specializes in the production of automotive components. The company recorded revenue of PLN 5 bln in 2014 and its net profits stood at PLN 155 mln.
