Kennametal looks for site for EUR 50 million investment

Now the enterprise is considering new investments in this part of Europe and it has shortlisted the Czech Republic, Slovakia, Poland and Hungary. "We intend to invest EUR 10-15 million in the new facility over 3-4 years," declared Markos I. Tambekeras, president of Kennametal. Total outlays for the capacity of the new plant may amount to EUR 50 million and on the top of this it will invest EUR 3 million annually to develop product distribution in the region. One of the key aspects in deciding about the location of the new plant will be geographical location, which in this case is one of Poland's major advantages. (Puls Biznesu, p. 12) M.M.