Colgate-Palmolive's European production center

"The plant will be the central supplier of products for the whole of Europe and Turkey," said Allison Klimerman of Colgate-Palmolive. The Mayor of Świdnica said he hoped to have the plot selected by the company included to the special economic zone still this year. Such a decision would mean Colgate-Palmolive would be exempt from corporate income tax (CIT). The company can also count on receiving additional state support for training employees, refunds of social insurance premiums as well as aid for equipping work places. The investor will also be exempt from tax on real-estate until 2017. Colgate-Palmolive representatives revealed that the construction works are to begin in spring while production should hopefully begin in 2006. Świdnica authorities said the investment might reach a much higher value than officially declared. (Puls Biznesu, p. 11) A.K.