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MTU Aero Engines establishes new factory in Poland
Munich, May 29, 2007 – MTU Aero Engines is going to build a new foreign location in Rzeszów, in the southeast of Poland. This has been decided by the board of management of Germany's leading engine manufacturer today. The new site is intended to develop, manufacture and repair engine components. MTU will invest about 50 million euros in the new company within the next three years, which will be named MTU Aero Engines Polska. Starting in 2011, the cost advantages of the new facility will add some 15 million euros annually to the group's earnings. The decision still needs approval by the MTU supervisory board.