Peugeot looks for site for its EUR 600 million factory

However it seems that this was an oversimplification and the project concerns an assembly plant. "Last week representatives of PSA Peugeot Citroen were in Poland. They are looking for a location for a €600 million investment, which will create 5,000 jobs. They are interested in a plot of 400 ha," said a person close to the talks. This is an enormous sum, which is higher than the five automotive projects currently supported by the government, but according to Puls Biznesu, the French concern is also taking into account potential subcontractors. According to the daily, representatives of PSA visited Środa Śląska and Ujazd, which offer 300 ha and 220 ha (of which 100 ha is encompassed with the Special Economic Zone). The Polish side is now waiting for detailed questions from the French concern and despite that none of the authorities involved confirmed this information, the negotiations are in their initial phase. "Today investment parameters go down. A basic indicator of efficiency is the number of employees and thus 5,000 workers can be regarded as a fairy tale. [...] Due to this both the value and the number of workers seem economically unjustified," said Sebastian Mikosz of Deloitte. According to sources of Puls Biznesu, PSA is also considering four other countries, apart from Poland for its investment. (Puls Biznesu, pp. 1, 4-5) M.M.