Indesit to pump EUR 80 million into Polish plants

With plans to invest EUR 100 million in Central and Eastern Europe over the next few years, 80 percent of this will be poured into Poland. Marco Zini, the general director of Indesit Polska said that Polish market is 40 million people, constituting almost 50% of consumers in new EU countries. He said that Indesit considered Slovakia, Bulgaria and Romania as possible locations, but settled on Poland due to its good geographical location. According to data presented by the company, the Polish domestic appliance market has grown in the first eight months of this year by 9% compared to last year. In first three quarters of 2006, the company's sales rose by 28%. Indesit intends to export over 80% of production. (Rzeczpospolita, October 28-29, p. B3) M.M.