Daewoo restructuring: Opole car parts plant to close

Daewoo-FSO, the Polish subsidiary of ailing Korean car maker Daewoo, is to close its Nysa Motor car parts plant in Opole. "The plant is to be liquidated because the scale of production has no economic justification. We used to produce 120,000 Polonez cars a year, but now the number is 12,000 and the company has no further production development plans," said managing director for production and development at Daewoo-FSO, Maciej Motelski. The Opole plant liquidation is another step in the far-reaching Daewoo-FSO restructuring program. Meanwhile, according to Daewoo's vice-president responsible for marketing and sales, Pawel Kosmala, in the eleven months of this year the company sold 101,950 cars. (Puls Biznesu, p.4) P.J.