Toyo Seal Industries building $10 million plant in Tychy

Japan Toyo Seal Industries, owned by world seal giant NSK, will construct a ball-bearing gasket factory worth $10 million in Tychy in the Katowice Special Economy Zone (KSSE). According to Piotr Dabrowski of the Polish Foreign Investment Agency (PAIZ), it was the investment tax exemption that most attracted Toyo. The company will employ between 60 and 100 people, with production scheduled to begin in 2002. In the beginning, NSK Iskra Kielce will be the main recipient of Toyo’s production, with export scheduled afterward. Toyo Seal Industries has been a world force for 80 years, with factories in Japan, England and Indonesia. (Prawo i Gospodarka, pp.1,4) P.J.