VW to raise production and employment in Poznan plant

Automotive giant Volkswagen will invest euro 441 million in expanding its Poznan plant over the next three years. The modernized plant is to produce 150,000 vehicles a year, mainly Skoda Fabias and Volkswagen Transporter vans. Last year the Poznan plant produced 54,000 vehicles and over 2 million alloy engine blocks. Following the investment, employment is to increase from 2,700 to 5,200. VW Poznan is also looking to acquire new land from the neighboring customs office to further develop its facilities. Volkswagen has two subsidiaries in Poland: VW Poznan and VMP Polkowice. In 2001 their joint revenues exceeded $1.5 billion (Puls Biznesu, p.6) T.J.