Miele to invest €50 mln in new plant near Łódź

Household appliance producer Miele is set to invest over €50 million in a new washing machine manufacturing plant near Łódź, central Poland. The German manufacturer plans to employ 350 people in the first phase of the project. During the 2016-2017 fiscal year, ending on June 30, 2017, the company generated a revenue of €3.83 billion, up 5.9 percent y/y, increasing by €1.18 billion (or 6.8 percent) in its home market of Germany. The company employs 19,465 people worldwide, out of which 56 percent in Germany.