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The Warsaw Voice » Business » August 12, 2015
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Jaguar Land Rover chooses Slovakia over Poland for new plant
August 12, 2015   
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Carmaker Jaguar Land Rover, a unit of Indian Tata, chose Slovakia over Poland as the location of its new production plant, as Poland did not want to attract the investment "at all costs," deputy PM and Economy Minister Janusz Piechocinski said on Tuesday.

"At the end of the negotiations the Slovak party submitted such conditions of state aid, in such an amount, that according to our calculations continuing discussions would be pointless," Piechocinski said.

"The distribution of benefits and outlays would be irrational not only from the point of view of jobs to be created, but also from the point of view of the budget," he explained. "We are not fighting for investors at all cost.

Earlier on Tuesday Jaguar Land Rover said it signed a letter of intent to build a car production plant in Nitra in Slovakia, an investment of estimated value of GBP 1 billion.

According to earlier media reports, Jaguar Land Rover was mulling locating the plant in Slovakia, Poland, Hungary, Czech Republic and Turkey. These reports put the value of the investment at GBP 1.2 billion.

The Slovak plant will have a capacity of up to 300,000 vehicles annually, Financial Times reported. First cars may be produced in 2018.
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