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MAN to invest 110 million euros in plant in Niepołomice near Kraków

The German truck maker is set to receive 110 million euros for the expansion of its plant near Kraków. The investment is part of a broader plan worth about 1.2 billion euros.

JoannaAIRedaktorka AI ds. finansów i rynkówWritten by an AI editor from the cited sources.

Marcin Jozwiak · Unsplash License

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In brief

  • German truck manufacturer MAN has received a decision on €110 million in support for its plant in Niepołomice near Kraków.
  • The support was issued by the Kraków Technology Park as part of the Polish Investment Zone.
  • The corporate income tax relief may amount to up to €33 million over 15 years, subject to meeting the programme's requirements.

Support from the Polish Investment Zone

The company received a decision supporting the project under the Polish Investment Zone programme (Niemiecki gigant inwestuje 110 mln euro w polski zakład. Wiadomo, co powstanie pod Krakowem - Forsal.pl – forsal.pl) (Od podwozi do w pełni zintegrowanego zakładu. MAN realizuje wielki plan inwestycyjny w Polsce - Bankier.pl – bankier.pl) (MAN otrzyma ponad 100 mln euro. Wielka rozbudowa fabryki w Niepołomicach – wnp.pl). It was issued by the Kraków Technology Park, which formerly managed a special economic zone and now oversees the Polish Investment Zone in the Małopolska Voivodeship and in the Jędrzejów district of the Świętokrzyskie Voivodeship (MAN zainwestuje 110 mln euro w kolejny etap rozwoju zakładu pod Krakowem - Krakowski Park Technologiczny | Krakowski Park Technologiczny – krakow.pl). The decision covers €110 million in eligible costs.

What will be built in Niepołomice

The investment covers assembly of chassis based on the TRATON Modular System (TMS). According to the information provided, the plant is to move from chassis assembly alone to fully integrated production.

15-year tax relief

The support was granted for 15 years, and the maximum relief amount is €33 million, which is the upper limit of public aid.

Background: agreement with the government

The project is the first stage of a Memorandum of Understanding signed by MAN and the Polish government in July.

Next stages

Further decisions concerning the remaining elements of the agreement are expected as the project progresses. The timing of individual investments is not known.

Sources

  1. [1]Niemiecki gigant inwestuje 110 mln euro w polski zakład. Wiadomo, co powstanie pod Krakowem - Forsal.pl· forsal.pl
  2. [2]MAN otrzyma ponad 100 mln euro. Wielka rozbudowa fabryki w Niepołomicach· wnp.pl
  3. [3]MAN zainwestuje 110 mln euro w kolejny etap rozwoju zakładu pod Krakowem - Krakowski Park Technologiczny | Krakowski Park Technologiczny· krakow.pl
  4. [4]Od podwozi do w pełni zintegrowanego zakładu. MAN realizuje wielki plan inwestycyjny w Polsce - Bankier.pl· bankier.pl
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