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LG Chem pushes up Polish investment

Tomasz Szpyt-Grzegórski 06 September 2017

Tomasz Szpyt-Grzegórski

Deputy editor in chief, journalist

+48 22 356 25 21

Tomek is a journalist and editor with many years of experience. He has been covering the real estate market since 2006. His main fields of interest are the investment and office markets as well as urban development. He also edits the magazine’s Facebook and twitter pages (@TomaszSzpyt). His articles have appeared, among others, in Dziennik, DGP, GazetaPrawna.pl, Forsal.pl, Dziennik.pl, Newsweek.pl, WSJ Poland and The City. In his free time he likes reading, cinema and rollerblading

POLAND Korean producer of lithium-ion batteries LG Chem is planning to invest USD 387 mln (almost PLN 1.4 bln) in the development of its Polish business, the Korean information agency Yonhap reports.
The Korean giant revealed its plans in a submission to the market regulator to invest the funds in its Polish company LG Chem Wrocław Energy by 2020 in order to increase the production capacity of its Lower Silesian factory. In 2016 LG Chem announced that it would invest almost PLN 1.3 bln in its electric car battery factory outside Wrocław by the end of 2018.

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