Toyota to inject euro 300 million into auto parts factory

Toyota Motor Corporation intends to invest some euro 300 million in its car components factory in Walbrzych in southwest Poland. The concern plans to increase production capacity by 300,000 gear shifts and 250,000 engines for Toyota's auto assembly plants in France, England, Turkey as well as the factory currently under construction in the Czech Republic. The company will employ 700 additional workers. "We're slowly regaining a good reputation as a friendly place for foreign investment," said Economy Minister Jacek Piechota. The reputation might be in question again if Poland decides to accept the EU's request to cancel Special Economic Zones (SSE), including the one in which the Toyota plant is situated. "In making the decision to expand the plant, we have put our trust in the Polish government," said Tokuichi Uranishi, Managing Director of Toyota. "Furthermore, we cannot interfere in contacts between Poland and the Union." (Prawo i Gospodarka, pp. 1, 2, Puls Biznesu, p. 4) M.K.