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The Warsaw Voice » Business » September 17, 2008
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Business in brief
September 17, 2008   
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ABB to Build Plant in Poland

ABB, a global supplier of power and automation technologies, will invest zl.62 million to build an electric motor plant in Aleksandrów £ódzki near £ód¼ in central Poland. The new plant will have three fully computerized production lines and will manufacture 45,000 electric motors a year. Production will be launched in the first half of 2009, and 160 new jobs will be created in the plant.

"This will be the first production plant that ABB Group has decided to build in Poland from scratch," said Miros³aw Gryszka, chairman of the group's Polish subsidiary ABB Sp. z o.o. "Thanks to this project, Poland will become one of the more important centers for the production of electric motors in the world."

ABB supplies power and automation technologies that help industrial customers and public utility companies increase efficiency and minimize the environmental impact of their operations. ABB Group has a work force of 115,000 in more than 100 countries. In Poland, ABB has 2,300 workers and manufacturing sites in £ód¼ and Przasnysz in the center of the country, Wroc³aw in the southwest, and Elbl±g in the north. ABB also has a well-developed network of engineering and research facilities nationwide. One of ABB's seven research centers in the world is located in Cracow, southern Poland.

Cell Phone Music Market Set to Grow

Sales of music for cell phones in the five largest Western European countries, France, Germany, Britain, Italy, and Spain, will reach $1.5 billion annually by 2012, according to a forecast by the eMarketer online service.

The forecast distinguishes between two submarkets, that of ringtones and that of music files for cell phone playback. For now, the ringtone market prevails; it is expected to be worth $258 million this year in the five analyzed countries combined, eMarketer says. The market for cell phone music is around 30 percent smaller for now, but is likely to catch up with the ringtone market in about four years, according to eMarketer.

Cell phone users in many countries in Europe are not eager to pay for e-music, as they are used to downloading it for free from the internet, eMarketer says. It adds that piracy in the mobile music sector is overwhelming and hinders the development of this market. According to eMarketer analysts, the market needs either tougher policies from record labels or direct deals between cell phone operators and recording artists. Another idea are free music services sponsored by advertisers. According to eMarketer, by 2012 sponsors will finance 11 percent of the entire market for mobile music, forking out $170 million per year.

Trouble in the Eurozone?

The 13 nations using the single European currency, the euro, face a considerable decline in their economic growth because of various external shocks, turbulence on financial markets and rising oil prices, EU Commissioner Joaquin Almunia told German newspaper Handelsblatt.
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