Deputy Minister Grzegorz Piechowiak and others wearing face masks go and visit the production halls of the factory in Wronki.

 It was with great satisfaction that I received the information that another company from South Korea decided to develop its business projects in Poland. The decision to support the investment in Wronki is one of the seven hundred and thirteen that the entrepreneurs operating within the Polish Investment Zone have received throughout the record-breaking year of 2021. It also proves that our country remains one of the most attractive places in the world to do business - said Grzegorz Piechowiak, the Deputy Minister of Development and Technology and the Government Plenipotentiary for Foreign Investment.  

I am glad that Samsung Electronics Poland Manufacturing will carry out its next investment project in Wielkopolska. It also proves that Kostrzyn-Słubice Special Economic Zone, where the South Korean company has been investing for several years now, provides entrepreneurs with optimal conditions to run and develop their business undertakings and offers attractive investment incentives - said Krzysztof Kielec, President of Kostrzyn-Słubice Special Economic Zone.

Our investment concept is planned for many years. It envisages not only the construction of a new production and storage hall and the expansion of the existing refrigerator factory, but also the establishment of the so-called white goods cluster in the vicinity of the existing plant in Wronki, where the factory's sub-suppliers will be located - announced Olgierd Bałtaki, Director of Samsung Electronics Poland Manufacturing sp. z o.o.

New investment in Wielkopolska

In the years 2022-2024 Samsung Electronics Poland Manufacturing intends to increase its production capacity in Wronki, in the Kostrzyn-Słubice Special Economic Zone. The new investment project envisages increasing the number of manufactured products by over 30% annually. In order to achieve this goal, already this year the South-Korean company intends to build a new production and warehouse hall with a total area of 40 thousand square metres. In the initial phase of the investment, new auxiliary lines for refrigerator production, mainly doors, are to be located there.

The long-term goal of the project is to create a new factory, which will produce domestic appliances: refrigerators and washing machines. Thanks to this undertaking, the South Korean company envisages an increase in production from the current 4 million units to 5.2 million units per year through expansion of the production space, as well as investment in modern technologies. The new branch is to be used for the production of both existing and completely new washing machine models.

In parallel, the Korean investor plans to expand the existing refrigerator factory to make room for an additional third assembly line. Construction work is expected to begin in mid-2022 and be completed in autumn 2023.

The total capital expenditure to be incurred by the company in connection with the implementation of the multi-phase project, which includes the construction of a new factory and the expansion of the existing one, is expected to amount to a total of around PLN 900 million, according to the investor.

For this purpose, in December 2021, Samsung Electronics Poland Manufacturing sp. z o.o. received public aid in the amount of PLN 86 mln, of which PLN 23.5 mln was obtained from a grant programme. The remaining part is a CIT tax exemption for its activities in the Kostrzyn-Słubice Special Economic Zone.

Support from the zone and the grant programme

30 December 2021. Samsung Electronics Poland Manufacturing received a decision from the Kostrzyn-Słubice SEZ to support the investment. On the same day, the South Korean company also signed an agreement under the Programme to support investments of significant importance to the Polish economy for the years 2011-2030. The investor undertook to invest 673.2 million PLN (with a declaration of creating 60 new jobs). The undertaking consists in increasing the production capacity of the existing company, which specialises in producing washing machines, fridges and parts for them.

Record-breaking year in PIZ

From the beginning of January until the end of December 2021, within the framework of the Polish Investment Zone, as many as 713 decisions to support investments with a total value of 37.1 billion PLN were issued, with a simultaneous declaration of the creation of 16,831 new workplaces. The largest investments concern such industries as high-quality food production and automotive.

Foreign investments account for 28% of the total, but their total value constitutes as much as 63% of all the money invested under the PIZ. This also translates into 65% of all the new jobs declared.

Projects by Polish companies, on the other hand, now account for 72% of all investment under the PIZ and their total value accounts for 37% of all investment, which also translates into a 35% share in the creation of new jobs.