NGK Ceramics Polska's investment to reach EUR 200 million

"Over the next two years we will open over a dozen new production lines. The total value of our investment will amount to EUR 200 million, while employment will increase from 300 to 1,000," said Michał Duda, an NGK Ceramics Polska manager. According to representatives of the Polish Information and Foreign Investment Agency (PAIIZ), the NGK plant is a, "Model example of foreign investment". "This proves that investments in Poland pay off. We point to NGK as an incentive to other Japanese companies," said Sebastian Mikosz, deputy president of PAIIZ. Currently, the firm is installing three new production lines worth EUR 55 million, which will increase output from 200,000 to 800,000 filters annually. By 2007 the capacity will reach several million units per year. (Puls Biznesu, pp. 1, 7) M.M.