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Poland

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Former existing offices, test laboratories, and model shop facilities are now consolidated within the 11,000 sqm TCK (Technical Center Krakow) building.

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In Q1 2020, Boryszew Group (“Boryszew”) generated consolidated revenues of PLN 1.6 billion, with the consolidated EBITDA of PLN 81 million.

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The European Investment Bank (EIB) has signed a €125 million loan with Umicore, the Belgian-based global materials technology and recycling group, to finance part of the greenfield production facility for cathode materials in Poland.

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On 1 June 2020 Stefanie Hegels will take over management of the Volkswagen Commercial Vehicles plant in Września.

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The Volkswagen Commercial Vehicles plants in Hannover and in Poland at Poznań and Września are to gradually start production again at reduced capacity levels from Monday 27 April after a shutdown of what will by then be just over five weeks.

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The European Investment Bank (EIB) has signed a €480 million loan agreement with LG Chem Wroclaw Energy, the Polish subsidiary of the LG Chem Group that was established to develop the group’s battery production facility in Europe.

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Volkswagen Samochody Dostawcze responds to the coronavirus pandemic and suspends vehicle production.

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Varroc Lighting Systems, one of the world leaders in the field of exterior lighting systems production for the automotive industry, continues to invest in the Polish market. After opening the research and development center in Krakow, the company has now opened a new facility specialized in headlamps manufacturing in Niemce.