Poland reveals $330m investment plans by South Korean auto company

Economy minister Janusz Piechocinski announced on Friday that a South Korean automobile company planned a 1-billion-Polish zloty (about 330 000 000 USD) investment in Poland, according to local press. "We have built a kind of an auto industry cluster in Poland over the last five years," said Piechocinski. He argued that the industry had chances of a further dynamic growth. "If I succeed in persuading one of the Polish metallurgical plans to launch production of car body sheet metal we will have everything in Poland that is used to build modern, brand-name passenger cars," he said. He hoped that the number of new cars produced in Poland will reach over 800,000 units per year in the next few years.