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Poland to inject over PLN 700m ($187m) into engineering firms

29.04.2025 14:00
Poland will funnel more than PLN 700 million ($187 million) through its state-owned Industrial Development Agency (ARP) to rescue two Silesian engineering firms, Prime Minister Donald Tusk announced on Tuesday.
Polish Prime Minister Donald Tusk.
Polish Prime Minister Donald Tusk.PAP/Rafał Guz

In a televised address, Tusk said the funds would shore up Rafako – a major power-plant builder that filed for bankruptcy in December – and its long-standing supplier Rafamet.

“These resources will not only ensure their survival but also enable new production lines,” he said.

The investment was first signaled in mid-April at the European Forum for New Ideas, where Tusk described Rafako as “one of the largest employers in the Racibórz region” and pledged to “preserve this industrial hub.”

Rafamet, which manufactures heavy-duty lathes and machine tools for rail and other industries, is likewise expected to retool some capacity toward defense production, he added.

Tusk framed the move as part of a broader strategy to boost Poland’s industrial base on the Silesian plateau, leveraging both domestic and European capital.

“With the right support, Silesia can become a cornerstone for manufacturing in Poland and Europe,” he said.

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Source: PAP, Polskie Radio 24