The Korean car maker Hyundai decided to locate its first production plant in Europe in Żilina (Slovakia) rather than in Kobierzyce near Wrocław
Published:
4 March 2004 y., Thursday
The Korean car maker Hyundai decided to locate its first production plant in Europe in Żilina (Slovakia) rather than in Kobierzyce near Wrocław, marking Poland's third failure to attract major automotive investment over the last few years.
Hyundai wants to start constructing its EUR 700 million factory by June. By 2007, the plant's annual output should reach 200,000 cars and employ some 2,400. The justification of the decision remains somewhat unclear.
The representatives of Hyundai maintain, officially and unofficially, that both Poland's and Slovakia's offers had been highly attractive. It's been presumed, that the Koreans were tempted by the labor costs in Slovakia, which are on average about 15% lower than in Poland. Furthermore, as Economy Minster Jerzy Hausner admits, "Hyundai picked the place with better infrastructure. They have a railway siding, they have a high-quality road, there is accommodation for the Korean workers in Żilina. Our offer lacked all these," he said in an interview with Polish Radio.
Šaltinis:
wbj.pl
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The EU needs a strategy by 2011 to encourage the creation of green jobs, says a draft resolution by the Employment and Social Affairs Committee that was adopted on Wednesday.
more »
Householders should not have to go without gas due to a gas-supply crisis, and such crises should be better managed, thanks to EU-wide co-ordination procedures and interconnection requirements laid down in draft legislation agreed informally with the Council at the end of June and approved by the Industry Committee on Tuesday.
more »
Today the Council has taken the formal decision which will pave the way for the introduction of the euro in Estonia as of 1 January 2011 and will become the 17th European Union country to share the euro currency.
more »
Proposals to improve protection for bank account holders and retail investors, and set up similar schemes for insurance policies.
more »
How should the EU's farm policy be reshaped and how should it be funded after 2013?
more »
MEPs on Wednesday approved some of the strictest rules in the world on bankers' bonuses.
more »
Long before the financial crisis the European Parliament regularly pointed out the significant failures in the EU’s supervision of ever more integrated financial markets.
more »
New strategy for stimulating tourism in Europe – to realise the full potential of an industry that already plays an important role in the economy.
more »
The European Commission has disclosed who in 2009 received EU funds in policy areas like research, education and culture, energy and transport or external aid.
more »
The European Commission has approved 19 programmes in 14 Member States (Austria, Belgium, Czech Republic, Denmark, Germany, France, Greece, Italy, Ireland, the Netherlands, Poland, Slovenia, Spain and the United Kingdom) to provide information on and to promote agricultural products in the European Union.
more »