The company decided to operate within the Cracow Special Economic Zone and will offer employment to 500 people, including 130 workplaces geared towards university graduates. Due to the number of workplaces created as a result of the project, the investment will receive a subsidy from public funds. An agreement concerning the grant was signed at the Ministry of Economy on October 20th. The official ceremony during which the contract was signed was attended, among others, by Mr Waldemar Pawlak, the Deputy Prime Minister, Mr Rafał Baniak, Undersecretary of State in the Ministry of Economy, Members of the NIDEC’s Management Board and by Mr Paweł Wojciechowski, PAIiIZ President. NIDEC was created in Japan in 1973 and specialises in the production of engines and electric drives for the automotive industry, IT, the machine and household appliances sectors. NIDEC has been operating in Poland for two years now. In 2006 the company took over Valeo Motors and Actuators and started producing engines and electric drivers, consequently offering employment to close to 200 people in Zielonka near Cracow. (PAIiIZ)