Land Rover may go to Poland, British media report

THE JAGUAR Land Rover carmaker is reportedly closing in on Poland as the site for its new factory in eastern Europe. 

Jaguar symbolJaguar symbol(Source: SITA/AP)

Senior industry sources allegedly said that Poland had offered “huge” incentives, the Sunday Times wrote on its website on July 26.

The website reminds that executives have been sifting through bids from Slovakia, Hungary, the Czech Republic and Turkey for the plant, which will make about 200,000 cars a year. A final decision should be made in the coming weeks. According to local reports, the new factory should be built in Krakow. The investment amounts some £1.2 billion (€1.7 billion).

Read also:Slovakia to launch first strategic industrial park

The newspaper's source, however, said that Slovakia is still not out of the game. To get the investment, Slovak parliament passed a law thanks to which it will be possible to accelerate the whole process of obtaining new investments, including receiving building permissions or land use plans, the Sme daily wrote on its website.

Moreover, the country already chose a strategic park in Nitra Region, which would be suitable for the new plant. Slovakia needs to build this park quickly as the new investor should make a decision by mid-September, Economy Minister Vazil Hudák said before the amendment to the law on important investments was passed.

He added that the other countries in the region, like Poland, the Czech Republic and Hungary, have big industrial parks with a size of more than 100 hectares.

“So if Slovakia wants to compete with other countries for big investments, it needs big industrial parks,” Hudák said, as quoted by Sme.

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Theme: Automotive


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