Dentons has provided legal and tax support to Mabuchi Motor on its investment into a new plant in the Krakow Special Economic Zone in Poland.
Dentons reports that it "successfully represented Mabuchi Motor at the public auction where the land was purchased from the local municipality, negotiated the property purchase agreement, advised on the available investment incentives and tax solutions, and procured a license to operate in the special economic zone. The firm also provided advice on day-to-day regulatory, tax, and corporate matters."
The plant will manufacture automotive components and spare parts for the motoring industry, including electric motors used to drive automotive appliances. The plant is designed to serve as a major production hub to cater to rising demand from European clients. The construction project officially kicked off on Wednesday, July 12, 2017. The plant is scheduled to launch production by late 2019, and will reach full capacity in 2023, with a planned output of 16 million motors annually. It is expected to create jobs for 400 employees.
The project was led by Dentons Partner Takura Kawai, head of the Japan Desk in the EMEA region, and included Tax Partner Cezary Przygodzki, and Counsels Michal Bernat Counsel Lukasz Zwiercan.