Tenglong Polska

Type
Business expansion
Country
Poland
Region
Makroregion południowy; Śląskie; Tyski
Location of affected unit(s)
Bieruń
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.32 - Manufacture of other parts and accessories for motor vehicles
600 jobs
Number of planned job creations
Job creation
Announcement Date
24 March 2021
Employment effect (start)
1 September 2021
Foreseen end date

Description

Chinese stainless steel wire processing company Tenglong Polska, a subsidiary of Tenglong Stainless Steel Products Group, has announced that it will create 600 jobs at its new production facility in Bieruń in 2021. On 23 March 2021, the company started the construction of the plant which is expected to be operational in September 2021. The company is to invest PLN 100 million (€21.96 million) in the project. The factory will be located in the Katowice Special Economic Zone.

Tenglong Stainless Steel Products Group was founded in 1993; it specialises in steel wire, stainless steel fasteners, machinery and equipment manufacturing.

Sources

Citation

Eurofound (2021), Tenglong Polska, Business expansion in Poland, factsheet number 104788, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/104788.