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Acquisition of HSW (Poland's building equipment maker) by leading Chinese manufacturer.


Polonius3 1,000 | 12,467
17 Apr 2011  #1
Poland's biggest building-equipment maker (and armaments factory) is due to be taken over the China's Liu Gong corporation before the year is out, Rzeczpospolita's online service reported. This is one of the biggest Chinese investments in Poland and will be worth 250 million zlotys. On Tuesday, traded unionists will start talks on a social packet, the works Solidarity chairman Henryk Szostak said.

Stalowa Wola employs 2,100 workers, of which 1,270 work in the company's civilian section.
Lodz_The_Boat 32 | 1,535
17 Apr 2011  #2
Not bad ... might mean more jobs and a better functioning firm. Being taken over does say alot about the self-esteem of the previous owners/decision makers.

I don't expect the Polish jobs to suffer from here ...
PennBoy 76 | 2,438
17 Apr 2011  #3
Poland’s biggest building-equipment maker (and armaments factory) is due to be taken over the China’s Liu Gong

Chinese and Indian corporations have tons of cash just waiting to be invested abroad.
OP Polonius3 1,000 | 12,467
18 Apr 2011  #4
I can see some people do not mind Poland being turned into a land of assetless mercenaries in the employ of foreign capitalists, siphoning off most of the profits to their home countries. They re-invest only the bare minimum needed to generate more profits which will then again be siphoned off, etc., etc.

Can anyone ever respect a nation lacking in entreprenurial skills and its own innovative solutions?
Harry
18 Apr 2011  #5
Can anyone ever respect a nation lacking in entreprenurial skills and its own innovative solutions?

What makes you think that Poles lack entreprenurial skills and don't find innovative solutions?

Oh, sorry, I forgot that you know bugger all about Poland and have visited the country a grand total of one time.
delphiandomine 85 | 17,823
18 Apr 2011  #6
On Tuesday, traded unionists will start talks on a social packet, the works Solidarity chairman Henryk Szostak said.

Perhaps Polonius, you might want to start by looking at the power and influence of Solidarity on Polish owned companies. Who caused the shipyards to fall? Who caused Ciegelski to fall? Who is causing problems within PKP?

All can be traced directly to Solidarity mismanagement.

In fact, it's no surprise that real Polish success stories like Solaris have firmly kept Solidarność out of the workplace.
isthatu2 4 | 2,708
18 Apr 2011  #7
Well done....20 odd years down the line and you sell your assets to the Commies........
OP Polonius3 1,000 | 12,467
18 Apr 2011  #8
There is a string of Polish petrol staitons in Germany and there is Solaris and a handful of others, but by and large Poles have not created their own innovative entrepreneurial class despite 22 years of freedom. Can you name one indigenous Polish firm, brand or product that would immediately ring a bell to anyone on the streets of Atlanta, Georgia, Glasgow or Palermo? (BTW Tyskie, Żywiec and Okocim, Wyborowa, Wedel, Winiary, Pudliszki, etc. are not Polish-owned!)

Wasn't more achieved in the 1918-1939 period?
Harry
18 Apr 2011  #9
Can you name one indigenous Polish firm, brand or product that would immediately ring a bell to anyone on the streets of Atlanta, Georgia, Glasgow or Palermo?

I'll happily do that, but first please name a single person on the streets of any of those cities whose opinion is in the slightest bit important to me.
isthatu2 4 | 2,708
18 Apr 2011  #10
me me me me me............zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Sort of missing the point about Global branding there harry...wtf does it matter what YOU think about a Polish company?

Polonius, I tried,but,well,no,if you discount the Beer,probably not,unless you count the Flag and the word "Sklep" as brands? :(
rozumiemnic 8 | 3,725
18 Apr 2011  #11
I'll happily do that,

well go on then.....
Harry
18 Apr 2011  #12
Sort of missing the point about Global branding there harry...wtf does it matter what YOU think about a Polish company?

I understand the concept, I just don't see any point at all in it.

well go on then.....

First please name a single person on the streets of any of those cities whose opinion is in the slightest bit important to me.
Grzegorz_ 51 | 6,170
18 Apr 2011  #13
Can anyone ever respect a nation lacking in entreprenurial skills and its own innovative solutions?

It's not about skills. With these conditions for domestic business, even Jews wouldn't accumulate much capital.
rozumiemnic 8 | 3,725
18 Apr 2011  #14
First please name a single person on the streets of any of those cities whose opinion is in the slightest bit important to me

illogical, ridiculous, egotistical, and totally missing the point.
Varsovian 92 | 634
18 Apr 2011  #15
China is trying to buy up as many companies as it can around the world. It sees Poland as an easy way into Europe for its workers - this story ties in with the migrant labour treaty signed a couple of years ago allowing up to 100,000 Chinese in Poland. Not good news.
Harry
18 Apr 2011  #16
illogical, ridiculous, egotistical, and totally missing the point.

It would be more illogical (and egotistical) to care what a person who one has never met and will never affect one thinks about one. In fact it would be utterly ridiculous to even suggest that one doesn't have better things to do than to worry about what such person thinks about one.
Monia
18 Apr 2011  #17
WOW, it is such a good news for my client.

They are ( HSW)big time money frauders . My corporate client was deceived by HSW on more than 300 000,00 PLN . Our case in the court was halted by the liquidation process of HSW- one of many sister companies as they set up some legal entities ( sister legal entities )to cast off their debts on them . Very common thing in Polish business.


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