Grand opening of BSH's EUR 60 million factory

The company, which is a part of the Bosch und Siemens Hausgerate, has spent EUR 60 million on the investment. "We are targeting a production quota of 1 million clothes driers annually, and we are starting with 300,000 units this year. The plant will employ around 500 workers. I expect that thanks to the new investment, sales revenues of the Polish company will grow this year by 20-30%," said Konrad Pokutycki, member of board and financial director at BSH in Poland. The company has already two other plants in Łódź, on which it spent EUR 90 million in total. The company annually produces 800,000 washing machines and over 500,000 dishwashers. In 2004 the concern generated sales revenues exceeding zł.1.5 billion and a net profit of zł.156 million. According to BSH representatives, the company controls around 10% of the domestic white goods market. (Puls Biznesu, p. 4) A.K.