Belgian technology firm to invest EUR 300 mln in Poland

Belgian materials technology group Umicore will invest PLN 1.38 bln (EUR 320 mln) in a lithium-ion battery cathode plant in Nysa, south-western Poland, the Ministry of Entrepreneurship and Technology announced in a press release on Thursday.

The production will start in late 2020 and the company plans to employ 400 workers at the new facility, which is also to include a research and development unit.

Umicore is a global materials technology and recycling group, with about 9,700 employees and a turnover of EUR 12.3 billion in 2017, according to the company's website.

The company has been present in Poland since 1996. In 2016, Umicore opened its catalyst facility in Nowa Ruda, south-western Poland, where it employs 80 people.