Toyota believes its investment will attract others

Japanese concern Toyota has recently opened its sub-assembly plant in Walbrzych. According to the president of Toyota Motor Poland (TMP) Makoto Seki, three to five foreign Toyota partners should soon open their factories in Poland. "The investments of these companies should at least amount to half of ours, which is zl. 200 million. It is possible that it could be double this figure," said Makoto Seki. So far he has not revealed the names of the potential investors. According to analysts these might be companies producing shaft drives, transmission parts and casts. "One should remember that the plant in Walbrzych will be assembling gearboxes so the presence of various suppliers is necessary," said the president of the Automotive Chamber of Commerce (PIM) Stefan Bielinski. "This information will raise our spirits after we lost the race with the Czech Republic for constructing the Toyota and the Peugeot-Citroen (PSA) factories," added a market analyst. TMP hopes to capture 8% of the domestic market in 2002. (Puls Biznesu, pp. 1, 6) M.M.