Chinese to open car manufacturing plant in Poland
Representatives of JMC, which is 30 percent owned by Ford Motor Company, are to arrive to Poland in the middle of September to discuss the investment with representatives of the Economy Minsitry and the Foreign Investment and Information Agency.
"Of course they [cars] cannot be compared to BMW or Volkswagen, but for a small price you will be able to buy one heck of a car," Rzeczpospolita quotes Jiangling's Peter Bijvelds as saying.
The size of the plant and the planned number of employees is still unknown, but a planned production of 400,000 cars annually could make this investment comparable to that of the Fiat Auto Polska plant in Tychy, an investment worth $1.2 billion.
"Initially the Chinese should not invest less than euro 1 billion," said Jakub Faryś, head of the Polish Automotive Industry Union.
Sources: Rzeczpospolita, Reuters
"Of course they [cars] cannot be compared to BMW or Volkswagen, but for a small price you will be able to buy one heck of a car," Rzeczpospolita quotes Jiangling's Peter Bijvelds as saying.
The size of the plant and the planned number of employees is still unknown, but a planned production of 400,000 cars annually could make this investment comparable to that of the Fiat Auto Polska plant in Tychy, an investment worth $1.2 billion.
"Initially the Chinese should not invest less than euro 1 billion," said Jakub Faryś, head of the Polish Automotive Industry Union.
Sources: Rzeczpospolita, Reuters
