Italian home appliance manufacturer Indesit has recently unveiled plans to set up a new plastic components plant in Lodz, Poland. The company aims to invest at least €30m and create over 250 new jobs at the factory.
Production at the Lodz-based plant is expected to commence in 2012. Indesit could reportedly add a further 250 workers at the new factory, which will be located in the Lodz Special Economic Zone (LSSE).
The new production facility is to supply its output to the company’s four home appliances plants in Poland. Of these, two are located in Lodz, and a further two in Radomsko. Indesit’s Polish factories make a wide range of products, including cookers, washing machines, dishwashers, refrigerators and freezers.
Based in Fabriano, Italy, Indesit currently operates 16 production facilities in Italy, Russia, Turkey, Poland and the UK. The company has some 16,000 employees worldwide, and its biggest markets are Italy, UK, Russia, Poland and Ireland.
In 1992, Indesit expanded to the Polish market and opened its first production facility in Lodz nine years later. To date, the Italian manufacturer has invested at least €240m in its Polish subsidiary, according to figures from the company. Its four plants in Lodz and Radomsko have a total of 3,000 workers.
In the first nine months of 2011, the manufacturer posted revenues of €2.084bn, up 0.8% over last year, and a net profit of €100.7m, down from €130.8m in the same period a year earlier.
