EMCC European Monitoring Centre on Change

LG Chem

Company/Organisation:
LG Chem

Geographic Location

Country: Poland
Region: Wroclawski; Dolnoslaskie; Poludniowo-Zachodni
Location of affected unit(s): Biskupice Podgórne

Company

Sector: Manufacturing
Manufacture of transport equipment
29.31 - Manufacture of electrical and electronic equipment for motor vehicles
Group: LG

Employment Effects

Announcement Date: 30-05-2017
Type of Restructuring: Business expansion
Employment Effect Start: 31-12-2017
Planned Job Creation: 3000

Additional Information

LG Chem has announced that it will create 3,000 jobs at its new factory in Biskupice Podgórne (Tarnobrzeg Special Economic Zone, Poland). The plant, which will produce over 100,000 batteries for electric cars each year, it is expected to be operational by the second half of 2017. The company plans to invest about PLN 1.2 billion (EUR 286.39 million USD 322.58 million) in the project; it will be Europe’s first mass production facility for lithium-ion car batteries.

Recently, the company has also signed a cooperation agreement with Wrocław University of Science and Technology.

LG Chem is one of the world’s largest manufacturers of lithium-ion batteries. The company is a part of LG group.