The rankings created by London-based fDi Intelligence, which is owned by the Financial Times, has become a bible for foreign investors who use the lists when deciding which European city to base their next investment in.
The investment which is being covered by LG Chem, private investors and the European Investment Bank, who have lent 480 million EUR for the project, will manufacture advanced lithium-ion cells and batteries for battery-powered electric vehicles and create 1,800 new jobs.
The European Bank for Reconstruction and Development (EBOR) granted a long-term loan of EUR 250 million to electric car battery maker LG Chem to support the construction of a battery factory in Wrocław, southwestern Poland, EBOR said on Thursday.
The battery production plans at a new LG factory near Wrocław will provide jobs to approximately 2,500 people, including at least 400 engineers.
Korean chemical group LG Chem will soon get a PLN 242.6 million (EUR 58 mln) grant from a Polish state programme which supports investments key for the economy, Puls Biznesu daily writes, citing the Ministry of Entrepreneurship and Technology.