Dell, Sharp, Orion deceived

opublikowano: 2008-05-19 16:34

Warsaw (Puls Biznesu) - The giants feel deceived. They may be guilty themselves, however. Michael Dell assembles computers in a plant built on the land he does not own. Katsuhiko Machida, Sharp CEO, has not received the grant promised by the government while Hisashi Fukuji, Orion Electric (Poland) CEO was adversely affected by lower yen. It’s hard to find the person to be blamed for the troubles, it’s much easier to point out the victim – the image of the investment climate  in Poland suffers a lot.

Dell was supposed to buy land from PKP, state-owned railways. The amount was settled but when PKP wanted to sell the lot, it turned out that the price jumped by several hundreds percent. Dell is investing EUR 200m and getting a subsidy of PLN 133.5m (EUR 39.2m). The company is going to employ 3,000 people.

Sharp has not received the grant of PLN 89.7m. The company which is investing PLN 595.5m and going to employ 3,000 people, had problems with the notification from the European Commission. Lawyers say that the investor had failed to provide necessary documents, some people say that the lawyers offices which were engaged in the process were not competent.

Orion Electric, was supposed to invest PLN 242m. This was EUR 40m, the lowest level possible to get state grant. Because of exchange rate changes, the company has failed to reach the level although its investment in yen was – according to Orion – as required.

Cadbury is going to invest PLN 847.5m and employ 1,000 people. The company applied for a state subsidy. It received PLN 15m, just a fraction of the value of its project. According to Cadbury representatives, the group will never ever invest in Poland again.

(PLN 1 = EUR 0.294)