Bankrupt Agros Koszalin may start production

APA - Austria Presse Agentur
03-03-2005, 12:54

Warsaw (Puls Biznesu) – Agros Koszalin, which went bankrupt nearly a year ago, may start produtction again. Three investors are interested in the company. The court agreed to sell the company. ‘I’m leading talks with two investors interested in buying the whole plant.

Warsaw (Puls Biznesu) – Agros Koszalin, which went bankrupt nearly a year ago, may start produtction again. Three investors are interested in the company. The court agreed to sell the company. ‘I’m leading talks with two investors interested in buying the whole plant. The third investor offers to buy only the production part’, Zdzislaw Pawlowski, bankruptcy officer in Agros Koszalin said. In his opinion, the situation will be clear till the end of April. He refused to publish names of the possible investors.

One of the companies is a Dutch producer who wants to change Agros Koszalin into fish plant. The second investor comes from Poland and would like to continue meat production. The third investor is a German businessman who would like to produce meat for kebabs in the plan. Only PLN 4-5 m (EUR 1-1.3 m) are necessary to adapt the plant to EU rules. The company has 300 creditors, however, and its debts amount to PLN 20 m. Agros Koszalin demands from its previous owner Agros Holding PLN 15 m of compensation for merging the company with two loss-making plants in 1999.

‘I expect more bankruptcies in meat sector. Competition is getting tougher, and the sector is burdened with very high investments in order to adopt to EU rules’, Przmyslaw Chabowski, the head of the Polish Association of Meat Producers, Exporters and Importers commented.

(PLN 1 = EUR 0.255)Poland/Enterprises/Food

 

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Podpis: APA - Austria Presse Agentur

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