Sunday, May 4, 2008

Dell looks to Poland for expansion

Dell looks to Poland for expansion



Dell looks to Poland for expansion

04 May 2008

An assurance by Dell that the Polish operation will not affect jobs in its Limerick plant will be cold comfort for the 250 Irish staff being made redundant, writes Gavin Daly.

Computer maker Dell, which last week announced 250 compulsory redundancies among its Irish staff, is doubling employment and output at its new plant in Poland.

The company expects to have 2,500 workers in Lodz by the end of the year, according to Polish reports quoting Dell executives, and Invest in Poland, the state investment agency. Dell opened the plant in Lodz in January, and is now advertising dozens of jobs, from graduate positions to manufacturing engineers, production managers and supervisors.

The firm is manufacturing laptop computers in Lodz at the moment, but is adding new production lines. It is expected to start manufacturing computer servers in the future, according to the reports. An Irish-based spokeswoman for Dell said that the Lodz plant already employed about 1,500 people, and was operating ‘‘according to plan’’.

The workers in Lodz include ‘‘a number of managers from Limerick’’, where Dell employs about 3,000 people at a manufacturing plant. The Dell spokeswoman said that some support functions for the Polish operations were also being carried out in Limerick.

Dell last week announced 250 layoffs in Ireland, although the majority of the cuts will come from its sales and support centre at Cherrywood in Dublin - which employs 1,500 staff - rather than from Limerick. The Irish employees were informed of the cuts last Tuesday, with jobs in technology support, marketing, sales and administration among those affected.

The spokeswoman said that the cuts were compulsory, rather than voluntary, because they were ‘‘role-specific’’, affecting particular groups of workers. There will be a 30day consulting period, and the first workers will leave the company around July. The full process will be completed by the end of January 2009.

It is understood that the departing workers will be paid six weeks’ salary, including the statutory redundancy requirement. Several industry observers expressed surprise that the Limerick plant would be relatively unaffected by the cuts, particularly given the rising cost of manufacturing in Ireland and the recent opening of the Lodz factory.

Sources close to Dell said that the Limerick operation - which is run by Dell vice-president Nicky Hartery - had escaped large-scale cuts because of its continued efficiency. However, other sources speculated that the Lodz plant was still in its early stages, and the Limerick operation could yet be affected as it comes fully on stream.

Dell has consistently said that the Polish plant does not pose a threat to the Limerick operation, which continues to operate at full capacity. ‘‘The second manufacturing site complements Limerick, and services different geographic markets to Limerick,” the Dell spokeswoman told The Sunday Business Post last week.

‘‘The development of the second manufacturing facility in EMEA [Europe, the Middle East and Africa] is all part of the company’s strategy globally, to reduce delivery time to customers of Dell systems - specifically for customers in central and eastern Europe.”

Lodz is already seeing the wider benefit of having a Dell factory, with sub-contractors and suppliers such as Flextronics and RR Donnelley setting up in the area, bringing additional jobs and investment. A similar phenomenon occurred in Limerick, where thousands of jobs are linked to Dell through suppliers and contractors.

While speculation about large-scale layoffs in Limerick has circulated for some time, this newspaper reported in December that the government had approved new grant aid for the Limerick operation. It is understood the grant aid would support a transition from manufacturing to ‘higher-end’ research jobs.

It is not clear what affect the layoffs announced by Dell last week could have on that plan, and the company spokeswoman refused to comment.

However, one source said that Dell’s two Irish operations were ‘‘distinct operations’’, so grant aid could still be granted for Limerick, even if Cherrywood was contracting.

In its statement last week, Dell said it was proud of its growth in Ireland, but had to ‘‘look critically’’ at its operation.

‘‘Dell Ireland regrets the impact that this will have on its employees, but is confident that the changes will position Dell strongly for continued future growth,” the company said.

The Irish cuts are part of a wider plan by the company to cut its 17,500 staff in EMEA by between 4 per cent and 5 per cent - or up to 875 people in total. Dell has already announced layoffs in the US, with the closure of four call centres and a manufacturing plant in its home state of Texas.

Those closures will result in more than 4,100 layoffs, but the company has a target of laying off more than 8,800 people in total, in a bid to cut costs by $3 billion. The firm last week pointed to recent comments by chief executive Michael Dell and chief financial officer Don Carty, who said the company needed to work harder to become more competitive.

‘‘We will go past the 8,800 target [for layoffs] previously discussed,” Dell told investors last month. ‘‘We were not participating in some of the fastest growing parts of the industry. We are not satisfied with the current state of affairs and are on a mission to fix it.”

Whatever form that mission takes could have a major impact on Ireland, as Dell is one of the biggest employers in the country and is the country’s largest exporter.

Dell Products, an Irish-incorporated company that covers its Limerick operation, had turnover of $11.3 billion in the 53 weeks to February 3, 2006, according to its most recent accounts.

The firm - which sells computer products to customers in Europe - made a pre-tax profit of $48.8 million for the year. In the previous financial year, the company paid a dividend of almost $5.6 billion back to its US parent company.

Dell Direct, the Irish firm behind the Cherrywood operation, had turnover of €150.2 million in the financial year to February 2, 2007. It made a pre-tax profit of €42.9 million for the year, including a €27.1 million gain from the sale of its former base in Bray, Co Wicklow. Costs at Dell Direct decreased by almost 5 per cent during the year, according to its accounts.

The firm had received almost €14million in grants from IDA Ireland, which ‘‘may be revoked, cancelled or abated in certain circumstances, the most significant of which is the cessation of operations’’.

Pfizer’s expansion not jobs-intensive
There was some positive news on the jobs front late last week, with the announcement of a significant Irish expansion by Pfizer, the biggest pharmaceutical firm in the world.

The company is investing €190 million in a ‘‘biologics’’ plant at Shanbally in Cork. Despite the size of the investment, it will create a relatively small number of jobs – about 100 jobs over three years – reflecting a shift towards high-value, low job creation projects.

However, it is the first time that Pfizer has located such a plant outside the US, a move that was described as ‘‘strategically important’’ by enterprise minister Micheál Martin.

‘‘The decision to place such a sophisticated and technologically-advanced operation here is a significant endorsement of Ireland’s wealth of talent and expertise,” he said.

Nat Ricciardi of Pfizer Global Manufacturing said the firm had chosen to locate the new ‘‘centre of excellence’’ in Cork, because of its ‘‘very positive experiences in the region over many years’’. Pfizer already employs about 2,300 people in Ireland. The new plant will be built on a 30-acre site beside the existing Pfizer facility at Ringaskiddy.

Up to 500 people will be employed at the peak of building work, and the plant should be up-and-running by the end of next year. The new plant is being supported by IDA Ireland, although the level of grant aid or other support has not been disclosed
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Saturday, April 12, 2008

links between Canada and Poland

links between Canada and Poland

By BOGDAN KIPLING
Fri. Apr 11 - 2:06 PM








IS THERE a link between NATO and the travails of a Halifax investor in Poland?

No, there isn’t – except in a travel route way.
Prime Minister Stephen Harper went to Bucharest, Romania, a week ago to attend this year’s NATO summit.

After it ended, he moved on for a visit in Poland, a fellow NA­TO member, for bilateral talks with Prime Minister Donald Tusk. More on that later.

Canada’s relations with Poland have not been as good as they could have been over the years. In the past, many Poles saw Canada as indiffer­ent to, maybe even tolerant of, communist thuggery; and Grit and Tory governments alike treated Poland as marginally interesting, at best.

Perhaps it took the tragedy of Robert Dziekanski, the Pol­ish traveller Tasared to death at Vancouver’s airport last October, and Canada’s desper­ate need for helicopters to take Canadian soldiers off Afghan­istan’s ambush-ripe roads to press Ottawa and Warsaw into a closer engagement.

Fierce indignation in Canada and Poland over the Vancouver death may have speeded up Ottawa’s decision to lift the visa requirement on Polish visitors. And of all the NATO allies, Poland alone offered Canada some of its helicopter fleet.

But Mr. Harper can do much more. He can open up a big, promising investment vista for Canadian capital in the Eu­ropean Union’s biggest and most dynamic of the new mem­ber countries.

There has got to be room at the top. Canadian investment in Poland, the Globe and Mail reported the other day, has been increasing, “hitting" $237 million in 2005.

Hitting is not the word I would have used when talking about modest sums. Poland is attracting some big bucks these days, but Mr. Tusk has it in his hand to attract far more.

All he has to do is clean up corruption.

He can start with making his own government’s Ministry of the Treasury curb the lawless­ness of the people running state-owned enterprises. The case in point here is Dessaport International Corp., a Halifax-­based private holding company.

Dessaport is 40 per cent own­er of Europort Inc., the stalled state-of-the-art grain terminal in the Port of Gdansk – proper­ty of the Polish Treasury.

Europort Inc. holds the lease on arguably the choicest deep­water pier anywhere on the Baltic and started work on its grain terminal soon after fi­nancing had been secured. It sank $34 million into concrete and equipment before the Port of Gdansk – the dear landlord – harassed and strong-armed it to a standstill – at gun point on one occasion.

Donald LeBlanc, a Haligo­nian, is president of Dessaport and Europort’s technical ex­pert. He joined the Europort enterprise as junior partner of Joseph D’Andrea, a Scranton, Penn., builder, industrial devel­oper and venture capitalist.

The partnership, formed a decade and a half ago, endures as the two visionaries fight for their property rights with Poland’s – let me put it politely – less than transparent govern­ment bureaucracy and expen­sive legal system.

Joe D’Andrea and Don Le­Blanc sank $40 million into the endeavour. I imagine they would want to complete it because the grain trade is sound business that will never fade.

Joe D’Andrea and Don Le­Blanc were hailed as the mod­els of a better future when they got Europort off to a flying start in the late 1990s. By 2002, a particularly brutish and corrupt post-communist gov­ernment took over in Warsaw and the American-Canadian duo soon faced nothing but obstruction, deceit, demands for bribes and, on one occa­sion, armed thugs with guns drawn trying to force them off their pier.

Poles have elected two gov­ernments since. In 2005, the ferociously anti-communist Law and Justice party pledged to purge corruption. That gov­ernment collapsed in chaos and corruption, and was swept out of office by the pro-busi­ness Civic Platform led by Mr. Tusk.

The Canadian prime minis­ter can do much to redress the wrongs inflicted on Europort.

He can press their case directly on Mr. Tusk – and he wouldn’t have to strain. Donald Tusk knows all about Europort. He is a Gdansk native. Gdansk is his political base. He would know all the players in this nasty situation and where all the bodies are buried.

Canadian diplomats in Po­land see Europort as “the big­gest irritant" in Ottawa’s rela­tions with Warsaw and briefed Mr. Harper prior to his dinner meeting – in Gdansk – with Mr. Tusk.

Mr. Harper, it seems to me, has made a good start on a link Canada never had in Central Europe. If he persists, he could end up creating a market Cana­dian businesses have hardly looked at in the past.

Poland too stands to gain.

Canada is both a good market and a good source of invest­ment capital. But confidence is crucial for that segment to develop, and fair treatment of Europort’s Canadian and American backers might just be the ticket.

Bogdan Kipling is a Canadian jour­nalist in Washington.

(bkipling@herald.ca)

Polish American Congress

400th anniversary of the arrival of the first Poles in Jamestown on October 1, 1608।

Washington Metropolitan Area Division

in cooperation with the

Georgetown University Polish Club

Cordially invites you
to a lecture and discussion with

Dr. James S. Pula, Professor of History
Purdue University – Westville, Indiana

"Jamestown Pioneers from Poland - The Historical Evidence:
What We Know and Don't Know about Them"

Sunday, April 20, 2008, at 3:00 p.m.

Georgetown University
Intercultural Center
Room 115


Join us as the PAC Washington Metro Division celebrates the 400th anniversary of the arrival of the first Poles in Jamestown on October 1, 1608. See this PowerPoint presentation and learn more about them. Help launch the PAC Washington Metro Division's Jamestown Art Contest. Acquire a copy of the brochure "Jamestown Pioneers from Poland," reprinted in 2007 by the PAC Charitable Foundation, available for purchase at $5 per copy.

The event is free and open to all. No reservations required.

Commercial parking is available at Leavy Center (entrance from Reservoir Road & 38th St., NW, at Georgetown University Hospital).

Friday, April 11, 2008

Payment risks: positive change based on economic growth

Payment risks: positive change based on economic growth
Payment risks decreased compared to previous years (2004 to 2006) primarily a consequence of a change in economic growth. However, as fundamental changes in combating late payment are still absent, payment risks will start to increase again in the near future. From the ten largest European economies, seven (Germany, Great Britain, France, Spain, the Netherlands, Belgium and Poland) show lower payment risks, one the same (Greece) and two show higher risks (Italy and Denmark).

Public authorities remain the worst payers
Payment duration decreased on a Pan-European level compared to the previous three years, remaining above the Spring 2004 value:
Spring 2004: 58.2 days
Spring 2005: 58.8 days
Spring 2006: 59.2 days
Spring 2007: 58.6 days.
All three customer groups contributed to the positive payment trend, however with strong regional and local differences. On a Pan-European level (average of all countries) payment duration in the consumer market reduced from 42.5 days in Spring 2006 to 42.0 days, in the business customer market from 59.9 days to 58.6 days and in the public sector from 69.8 days to 68.9 days.

Payment risk trend 2007: modest pessimism
The companies surveyed are modestly pessimistic regar-
ding payment risk development during 2007 (-3.8%)*. Companies in the Baltic (+18%) are most optimistic whilst the companies in the German speaking area (-10%) and those based in the Greek speaking area (-10%) show the most pessimistic forecast. Hungary, the only country in the Central Eastern European and Baltic region suffering from increasing payment risks, shows the most pessimistic value (-31%) from all 25 countries surveyed, whilst Latvia (+30.7%) followed by Hungary’s neighbours’ Slovakia (+18.4%) and Czech Republic (+18.2%) show the most optimistic forecasts.

* The Risk Forecast Index shows the balance in % of the companies forecasting a decrease in payment risks and the % of the companies forecasting an increase. A positive %age represents a balance of companies forecasting a decrease and vice versa.

For further information, please contact:
Intrum Justitia, GISL, Stockholm
Madeleine Bosch, Head of Research EPI
Tel: +31 70 452 7323
Mobile: +31 6 46 21 25 79
E-mail: public-relations.epi@intrum.com

Intrum Justitia is Europe’s leading Credit Management Services (CMS) group, with revenues of approximately SEK 2.8 billion (USD 375 million) and around 2,900 employees in 24 European markets. Intrum Justitia strives to measurably improve customers’ cash flows and long-term profitability by offering high quality in relationships with both customers and debtors in each local market. The group offers a wide range of services to manage commercial and consumer receivables. Intrum Justitia AB (ticker IJ) is listed on the OMX Nordic Exchange in Stockholm. Fore more information, please visit http://www.intrum.com/

Overview about payment risks measured by Payment Index
(values shown: Spring 2007 - Spring 2006 - Spring 2004)
1 Finland 124 125 123
2 Sweden 126 129 127
3 Norway 130 131 137
4 Denmark 132 131 126
5 Iceland 134 136 130
6 Ireland 141 --- 143
7 Switzerland 142 146 148
8 Scotland 142 --- ---
9 France 145 147 146
10 Latvia 148 155 157
11 The Netherlands 149 154 153
12 UK 150 152 154
13 Germany 151 155 156
14 Estonia 151 153 157
15 Belgium 154 161 162
16 Italy 157 153 152
17 Spain 158 161 166
18 Lithuania 158 159 167
19 Poland 159 162 161
20 Slovakia 160 --- ---
21 Hungary 160 158 156
22 Cyprus 172 --- ---
23 Czech Republic 173 --- 176
24 Greece 174 --- ---
25 Portugal 182 183 191

Payment Index
The payment index is used to compare different economies, regions or sectors. Alongside technical financial figures, the index is based on assessments from the companies surveyed. The data forming the basis of the index is generated twice yearly using a standardised written panel survey. List of basic data elements: Contractual payment term (in days); Effective payment duration (in days); Age structure of receivables (DSO); Payment loss (in %); Estimate of risk trends; Characteristics of the consequences of late payment; Causes of late payment. The Payment Index is calculated from eight differently weighted sub-indices, which are based on a total of 21 individual values.

Payment Index - Implications for Credit Policy
100 no payment risks, i.e. payments are made in cash, on time (or in advance) and without any credit
101 - 124 preventive actions - measures to secure the current situation are recommended
125 - 149 need to take action
150 - 174 strong need to take action
175 - 199 major need to take action
over 200 urgent need to take action

Optimize your operational profit
Intrum Justitia gives you the opportunity to compare key operational figures for your company with average market values and Best Practice values. The tailor-made report calculates the individual risks for the company and presents comparisons of payment history of customers, the age structure of outstanding receivables as well as payment losses. Furthermore, potential improvement opportunities (capital commitment, profit optimisation) are identified and calculated. This unique expert tool includes values from 26 European markets. The European Payment Benchmark report is available free of charge. To get access

Tuesday, March 25, 2008

Dla Polskich Zolnierzy w Iraq " Ku chwale Ojczyzny" see Monte Casino

Dla Polskich Zolnierzy w Iraq " Ku chwale Ojczyzny" see Monte Casino

Jan Paweł II - Papież ważne słowa

John Paul II, WE LOVE YOU

Friday, March 14, 2008

Michael Jackson - Heal The World - HIStory Tour Warsaw '96

Michael Jackson - Heal The World - HIStory Tour Warsaw '96

Wednesday, March 12, 2008

More Than PLN 5bn Will Be Invested in the Hotel Industry in Poland During the Next 5 Years as the Number of Tourists Visiting Increases to Approximate

More Than PLN 5bn Will Be Invested in the Hotel Industry in Poland During the Next 5 Years as the Number of Tourists Visiting Increases to Approximately 19 MillionWednesday March 12, 9:45 am ET
DUBLIN, Ireland--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/reports/c85788) has announced the addition of Euro 2012 in Poland - Construction Investments to their offering.
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Euro 2012 in Poland - Construction investments, presents a detailed and informative description and status report of Poland's preparations for the European Football Championship in 2012. This, the first edition, focuses on the infrastructure necessary to accommodate the event most effectively. Reports and analysis are provide to describe the current state of infrastructure as well as the targeted levels of transportation, sport and hotel infrastructure and facilities, with information as to how these levels are organized and plans in place to achieve these levels as the date of the event approaches.
This report, presents a complete report on the progress of infrastructure preparations for the event in five sections:
I. Enters a detailed description of Euro 2012, presenting the needs and requirements of the event, setting up the parameters of construction work and infrastructure upgrades necessary in Poland prior to the established deadlines set by organizers of the European Football Championship for 2012.
II. Delves into the transportation infrastructure, perhaps the most challenging aspect of preparation for Euro 2012, evaluating the existing components and needed upgrades to facilitate transportation into the country and between the cities that will host the event. This section covers primary modes of transport that will be used, including the networks that support and facilitate road, railway and air transport.
III. Investigates the existing assets and needed improvements in terms of the sports infrastructure, which refers to stadiums and training centres needed to accommodate the European Football Championship in 2012.
IV. Surveys the hotel infrastructure in the host cities, providing information concerning hotels, current availability of rooms and projected availability through new construction, as well as planned investment by selected operators and development groups.
V. Covers forecast investment and the related development plans for airports in Poland during the period from 2008-2013
Key Findings
More than PLN 5bn will be invested in the hotel industry in Poland during next 5 years.
The number of tourists visiting Poland will grow from 15.7m in 2006 to approximately 19m in 2012-2013, which implies an average annual growth of almost 3%.
Construction and modernisation of six stadiums in Poland for Euro 2012 will cost almost PLN 3bn.
PLN 2bn will be assigned to smaller stadiums and training centres for Euro 2012 in Poland.
This report is an indispensable business tool for:
senior management personnel of construction companies active in Poland and surrounding areas
strategic planners and executives of firms considering entry into the Polish construction market
companies engaged in construction and those active in the production and distribution of building materials in the region
architectural and consultancy firms interested in this market
developers interested in participation in the Polish hotel construction market
businesses that provide goods and services integral to the hospitality and athletics industries
consultants and analysts that provide advice and intelligence to governmental and business organizations, as well as those seeking investment opportunities.
Content Outline:
I. Methodology
II. Executive summary
III. European Football Championship
IV. The construction of sports facilitiesUEFA regulations concerning stadiumsNational Stadium in WarsawBaltic Arena in GdanskMunicipal Stadium in PoznanOlympic Stadium in WroclawSlaski Stadium in ChorzowWisla Krakow Stadium in KrakowStadium construction financingTraining centresOther stadiumsThe value of investments in stadiums' infrastructure
V. Investments in tourist and accommodation infrastructureVisitors to PolandHotel market in PolandHotel beds for Euro 2012Investors on the hotel marketForecasts for the hotel market until 2012
VI. Modernisation of the road transport systemMotorway network constructionExpressway network constructionRoad construction investments in cities
VII. Modernisation of the railway transport systemAmended Act on Railway TransportInvestment projects of the PKP GroupMain railway lines scheduled for modernisationRailroad transport systems in citiesThe value of investments in rail transport
VIII. Modernisation of the air transport systemPoznan-LawicaWroclaw-StrachowiceKatowice-PyrzowiceKrakow-BaliceNowy Dwor Mazowiecki-ModlinGdynia-OksywieThe value of investments in air transportWarsaw-OkecieGdansk-Rebiechowo
IX. The total value of investment projects for Euro 2012
X. Contact dataMunicipal Euro 2012 Organisation OfficesAirportsOther
XI. List of graphs
XII. List of tables
For more information visit http://www.researchandmarkets.com/reports/c85788