Toyota to invest PLN 650 mln in Wałbrzych and Jelcz
13:35
Toyota is set to invest PLN 650 million in its Polish plants to launch production of hybrid transmissions in Wałbrzych and two new gasoline engines in Jelcz-Laskowice. The auto giant's total investment in Poland will rise to over PLN 4 billion, Deputy Prime Minister and Minister for Development and Finance Mateusz Morawiecki announced, along with Toyota representatives.
“I am pleased that we were able to attract another automotive sector investment to Poland. We have a strategy for responsible development, which sets trends in the automotive industry, which is one of the key industries for us. Toyota is a world leader in hybrid engines, so I'm all the more pleased about the transfer of this technology to Poland,” Morawiecki said during a press conference.
In Walbrzych the company plans to invest PLN 278 million and create dozens of new jobs by 2018. The investment in Jelcz will be bigger, PLN 371 million, with employment reaching around 50 people in the years 2018-2020. Production of the first engine in Jelcz will begin in 2017 and the second in 2019. Toyota has been operating in Poland since 1991 and employs some 3,000 people.
