Finance Investors
20:47 21 January 2020
Post by: WBJ

Toshiba to open plant in Poland, pump millions

Toshiba to open plant in Poland, pump millions
Source: Wikipedia

Japan-based multinational conglomerate Toshiba Carrier Corporation – a part of the Toshiba group – will open its first European production plant in Gniezno, western Poland, in 2020, at a cost of over PLN 100 million (over €20m), Polish Investment and Trade Agency (PAIH) has announced on Tuesday.

The tech giant’s decision was announced during a Polish-Japanese investment meeting in the Japanese capital Tokyo.

Poland has been an attractive partner for Japanese business for decades, PAIH stated. Over 300 companies with Japanese capital already operate in the European nation, employing approx. 40,000 employees. They mainly represent industries such as machinery, automotive, food, electromobility, and the modern business services sector.

The statement comes as Polish Prime Minister Mateusz Morawiecki continues his visit to Tokyo to meet Japanese PM Shinzo Abe, the imperial couple, businesspeople and the Polish diaspora.

Morawiecki seeks to strengthen Poland’s economic cooperation with Japan, one of the biggest Asian investors present in Poland.


mateusz morawiecki

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