MAN plans 15,000 strong production run in new plant

The estimated cost of the investment is EUR 90-100 million, while initially employment will amount to 650. Construction work will begin in the fall, while full production capacity of 15,000 units annually will be achieved by mid 2007. "This time we were not competing to win the investment in terms of state aid. MAN equally treated financial conditions, the labor market, sub-contractors and infrastructure," said Sebastian Mikosz, deputy president of PAIiIZ. The Deputy Economy Minister Marcin Kaszuba informed that the official signing of the investment contract will be held on August 16 and the investor will receive a grant covering part of the investment outlays. The government accepted the program of financial support to the investment on Tuesday, and according to unofficial information, the investor will receive roughly EUR 1 million for creating new jobs and several tens of million złoty as part of the investment subsidy. (Puls Biznesu, pp. 1, 4) M.M.