Danfoss to acquire plants and inject zl. 40 million into existing operations

Danish heater thermostat maker Danfoss has announced it intends to acquire two smaller firms on the local market. Additionally, Danfoss is to expand its plant in Grodzisk Mazowiecki and thus raise output. The Grodzisk plant will receive a further boost of zl. 40 million worth of new technology within the next two years and increase employment to 800 from 550. According to Danfoss president Wojciech Kuczynski, the hefty investments come in light of Poland's imminent accession to the European Union (EU) where the market for energy efficient equipment is substantial. Kuczynski also believes that within three to four years, his company could increase its domestic market share by up to eight-fold. Danfoss is a subsidiary of Suer Danfoss, has operated in Poland since 1991 and has invested about $100 million. (Puls Biznesu, page 4) S.M.