WARSAW, Oct. 14 -- "When Chinese company invested in Poland, we were worried about whether we could keep our jobs," said Malgorzata Bielica who works at Liugong Dressta Machinery in Stalowa Wola, southeast Poland.
Malgorzata and her husband both used to work for HSW, a Polish company preceding Liugong Dressta.
In 2017, when she learned that the company was to be acquired, Malgorzata had some concerns. If she and her husband had lost their jobs, the family would have faced a difficult position with no income.
In February 2017, China Guangxi Liugong invested 170 million zloty (about 49 million U.S. dollars) and made the acquisition of HSW's civil engineering machinery division. Liugong also gained a 100-percent stake and access to HSW wholly-owned subsidiary company Dressta.
However, not only could the Bielicas continue to work there, but salaries of employees changed for the better. The company's business condition also has taken a turn for the better thanks to the upgrading of production.
Before the acquisition, Dressta was facing a difficult situation. Local media reported that due to fierce competitions from American and German enterprises, its business condition continued to deteriorate, even near bankruptcy.
Michal Kolakowski, adviser to public administration and managing partner of Warsaw Consulting Group said: "Like a long-awaited rain after a prolonged drought, Liugong's investment has saved struggling Dressta."
【国内英语资讯:Feature: Chinese investment serves as long-awaited rain in drought for Polish company】相关文章:
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