Friday, March 27, 2009

Bankrupt Polish sub-contractor causes Lenovo headaches

Lenovo's investment in a computer assembly plant in Legnickie Pole is under question following the bankruptcy of the sub-contractor building the factory – Immo Industry Group. In an official statement the IT giant declared, “Due to the new situation which Lenovo Poland is facing, the company must consider existing alternatives. Lenovo Poland will make an announcement about further steps at the relevant time.”

“An inter-departmental team for supporting foreign investments approved a new support proposal, prepared at the request of the investor. We shall deliver it to the Cabinet. We are in contact with authorities of the firm,” said Deputy Economy Minister Rafal Baniak.

According to Puls Biznesu sources, the Chinese firm might receive a higher subsidy but, “We proposed alternative locations in Lubuskie and Pomorskie ... In the first location, actual production could commence in four months, while in the second one [it could start in] six months,” said Slawomir Majman, deputy president of the Polish Information and Foreign Investment Agency. He went on to say that the investor's decision is expected in 10 days.