In April 2016, China's HeSteel Group acquired Serbia's loss-making steel plant. By December that year, the steel plant reversed the seven consecutive years of losses and made profits. While production and sales increased, workers' wages also grew steadily.
Liugong Dressta Machinery has a special meaning for Malgorzata Bielica, a Polish technical expert. Her father and her used to work for a company preceding Liugong Dressta. In 2017, when she learned that the company was going to be acquired, Malgorzata, like other Polish employees, had some concerns.
However, not only could they continue to work there, the work content and treatment of employees changed for the better. "I have been working at Liugong Dressta for 35 years," Malgorzata said proudly.
According to the data provided by Liugong Dressta, the company has provided more than 1,200 job opportunities in the region, with a total of more than 230 million zloty (about 66 million U.S. dollars) of various accumulated taxes and fees contribution to the country between years 2017 and 2016.
Liu Lijuan, a business counselor of the Chinese Embassy in Poland said Chinese enterprises have provided about 15,000 jobs in Poland, of which more than 80 percent are Polish employment.
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