PSEZ lures more Japanese investment

"The investment will cost JPY 5 billion (zl.130 million)," said Jonathan Adams from Sumitomo's PR division. One of the plants will manufacture 5,000 sets of polarizing films a month, while the other will make 5,000 tons of light diffusion panels for LCD monitors. Both plants will commence production in summer 2007 and initial employment will stand at 250, eventually scaling up to 400. Sumika is entering the Pomorska Special Economic Zone (PSEZ). "Negotiations concerning the land purchase are very advanced. The company wants to purchase 20ha opposite Sharp and Orion," said Wlodzimierz Ziólkowski, president of PSEZ. As Sumitomo announced it would commence construction of the plant as soon as it receives a construction permit; for the time being, the company is looking for a president who will set up the Polish subsidiary from scratch. (Puls Biznesu, pp.1, 7) M.M.