GSG Towers

Type
Business expansion
Country
Poland
Region
Makroregion północny; Pomorskie; Trójmiejski
Location of affected unit(s)
Gdańsk
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27.1 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
27.1 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
100 jobs
Number of planned job creations
Job creation
Announcement Date
21 October 2016
Employment effect (start)
21 October 2016
Foreseen end date
31 December 2017

Description

GSG Tower has announced that it will create 100 new jobs at the Gdańsk Shipyard by the end of 2017. The company has launched a new investment in the field of manufacturing wind towers and steel structures. The company has implemented an investment programme of a total worth of PLN 160 million (EUR 37 million USD 41.13 million). The investment implies that the existing production capacity of the factory will be doubled and it will increase to 300 wind towers annually.

GSG Towers was established in 2010 as a SPV (special purpose vehicle) within GSG Group in order to enter to the production of wind towers. The company is also a part of Gdańsk Shipyard Group.

Sources

  • 21 October 2016: Wirtualnay Nowy Przemysł

Citation

Eurofound (2016), GSG Towers, Business expansion in Poland, factsheet number 89022, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89022.