Poland becomes industrial hub: PM on new investment on coast

Photo: PAP/Art Service 2

Swedish producer of cells and batteries for electric cars Northvolt has announced the construction of a factory in Poland. The investment is to cost nearly PLN 750 million (EUR 165 million). "It will be an important point on the industrial map of Poland," said Prime Minister Mateusz Morawiecki.

"We have achieved a number of successes in many areas related to the automotive industry," said the Polish Prime Minister, adding that "the Swedish company's investment will create approximately 500 jobs". The Prime Minister also stressed that it would be part of the 'green revolution'.

The head of government added that the government was trying to make Poland an 'industrial hub' and stressed that, in his opinion, the country was successfully implementing a system of education and technical education needed for the operation of such a hub.

The Polish Investment and Trade Agency announced that the investment outlays for the Northvolt production plant will amount to nearly PLN 750 million (EUR 165 million). The plant to be built on the coast will be part of a European value chain project, under which cells produced in Sweden will be shipped to Gdańsk for further assembly of complete energy storage systems and delivered to customers.

The construction of the factory is scheduled to start in the autumn, and production is slated to start next year. In addition, a modern research centre of the company is to be built in Gdańsk.