Marcegaglia wants to invest in Szczecin

MAG
06-05-2008, 13:25

Warsaw (Puls Biznesu) – The Italian company considers building a steel plant for EUR 90m. It wants to locate the project in  a special economic zone.

 

Szczecin has a chance for a big investment. Italian Marcegaglia has submitted a letter of intent at the town authorities. It promises to invest EUR 90m in a steel plant employing 170 people provided that the land it has chosen becomes part of special economic zone. Two lots are taken into account of joint surface of 50ha. Town authorities have already approved of the idea to ask for the special economic zone.

“The economic zone is one of the most important conditions of the Italians. Talks are going on and I hope they will go fine”, Piotr Krzystek, Szczecin mayor said.

“We hope that the investor and the town will submit an application to have the lot transformed into special economic zone. We estimate that early in fall the land will become part of Kostrzyn-Slubice special economic zone and 6-8 weeks later we will issue the permit for investment”, Izabela Fechner from the zone said.

 

Representatives of the Italians believe it’s too early to say more about the project. It seems a very logical step, however. The Italians already produce metal home appliances and pipes in Poland. They have a plant in Praszka acquired and modernized in 2005. Another plant is under construction in Kluczbork worth EUR 250m.

 

If Marcegaglia plans come true, it will be one of Italian biggest investment projects in Poland and the group will join the biggest Italian investors. So far, Fiat, Unicredito Italiano and Indesit have invested most. In 2006, the value of Italian investments in Poland amounted to EUR 1.3bn.

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