3M to invest at least 200 million dollars in Poland
15 hours ago
WARSAW (AFP) — US manufactuer 3M plans to invest at least 200 million dollars (270 million euros) in Poland over the next two years, tripling the current level, its local boss said Saturday.
Jose del Solar said in an interview with the daily Rzeczpospolita that 40 to 50 million dollars would be invested in 2008. Most of the extra cash would be in the pharmaceutical and industrial sectors.
3M has just completed a plant for producing optical film for LCD screens at Wroclaw, in southwest Poland, and is constructing another to make adhesive materials. The combined projects are valued at 70 million dollars.
Del Solar said 3M's total investments in Poland already exceeded 100 million dollars. Turnover last year came to 131.6 million, he said, predicting it would rise by 20 percent this year and 30 percent in 2008.
