Poland (5) -- Analyses-- January-March 2006

Mittal Steel to expand production in Poland

5.03.2006

Global steel giant Mittal Steel plans to invest $450 million this year to increase the production capacities of its plants in Poland. The investment will allow the company to meet the constantly rising demand from car manufacturers. Many West European car companies have set up their plants in Poland because of easy availability of cheap technical labour. Mittal Steel is now producing 70 percent of Poland's total steel production and it has already invested more than $3 billion in different steel plants that it had brought from the Polish government in the last three years. The company is also planning to put up a new plant in Krakow, besides modernising the existing plants in Sosnowiec, Dabrowa Gornicz and Swietochowice.

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