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Computer giant Lenovo to choose Poland – report

The majority Chinese-owned computer giant Lenovo will likely choose Poland over its smaller neighbor and fellow EU member Slovakia for a new personal computer plant which could employ up to a thousand people, Poland’s Puls Biznesu daily reported Tuesday.

Worth an estimated 60 million zloty ($22.4 million), the investment plan has however run into difficulty over promised government investment subsidies regarding land for the factory, according to Puls Biznesu. The investment is slated for the Legnica Special Economic Zone, one of 14 such zones near major Polish cities where investors enjoy special incentives. “I’m confident the company will land in Poland, but the matter isn’t a foregone conclusion,” Polish Information and Foreign Investment Agency (PAIiIZ) official Wojciech Szelagowski told Puls Biznesu.

Lenovo would be the second global computer giant after US company Dell to invest in a major computer manufacturing facility in Poland. “A decision to locate a plant in Poland would be dictated by the need for rapid product delivery,” according to Stefan Kaminski, head of the National Chamber of Electronic and Telecommunications Economy. “While production in the Far East is much cheaper, transport can take more than 10 weeks - in the computer sector, this is a very long time,” he observes.

Lenovo Group Limited is the world’s fourth largest personal computer manufacturer and features the government of China as its largest single shareholder. (m&c.com)