Forte expansion announcement: 1,000 new jobs

Forte announced in a company statement on Friday that it would be expanding its production and warehouse facilities in Podlaskie, near Suwałki. The value of the expansion, which will include the production of chipboard and furniture, as well as the establishment of new warehousing, was said to be a PLN 700 million investment. Forte’s CEO said that the expansion would occur in three stages, the first one planned for 2017. “We are extremely satisfied with running an investment, significant not only for the region, but also for the whole Polish economy and crucial for the furniture industry. In spite of the large scale of the project we are able to remain close to the local community. We prove that significant investments are not exclusively the domain of foreign capital. the investment in Suwałki is a native Polish project that creates added value for the whole Polish economy,” said Maciej Formanowicz in the press release. Forte has manufacturing facilities in four locations in Poland, and it relies heavily on exports, in addition to the domestic market, for its revenues. It has been listed on the WSE since 1996.