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Investment
P+G to invest USD450m in Poland
Procter&Gamble plans to invest USD 50mn in a new cosmetics plant to be located in Aleksandrow Lodzki in Central Poland and another USD 50mn on expanding its plant in Warsaw’s district of Targowek, PG’s director general for Poland and Baltic countries, Marek Kapuscinski, said in an interview with the daily Wall Street Journal Polska .
The Aleksandrow facility will be one of the concern’s biggest cosmetics plants in Europe , he stressed. Thus, the concern’s total investments in Poland would exceed USD450m, Kapuscinski said stressing that the Procter&Gamble did not rule out further outlays. He also disagreed with a notion, which is becoming more and more popular among foreign investors, that rising labour costs and increasing shortages of workforce in certain fields of expertise discourage them from investing in Poland .
