German mills to compete with Polish giants

MAG
13-05-2008, 15:43

Warsaw (Puls Biznesu) – German mill companies are quickly increasing their shares in the Polish flour market. They may win with the leader: Polskie Mlyny.

 

The flour market in Poland worth PLN 3bn (EUR 888m) annually, will soon become a place of a fight among German and Polish firms. Polskie Mlyny, a company owned by Komorowski family, Poland’s biggest flour and crops producer, has two big rivals from Germany: VK Muhlen and Hemelter-Muhle Dr. Cordesmeyer.

“We plan to increase crop production to 760,000 tons annually up from 440,000 tons today within two years. This is part of strategy aimed at winning 25 percent of the Polish market. We are increasing capacity of our existing plants, negotiate acquisitions of other mills and plan a new investments”, Rafal Salomon, VK Muhlen Polska CEO said.

If these plans are successful, the company will produce more than Polskie Mlyny, today’s leader with 800,000 tons of crops produced annually. It will also produce much more than Hemlter-Muhle Dr. Cordesmeyer whose capacity is estimated at 500,000 tons.

“We want to strengthen our position to increase our share to 10 percent up from 4 percent in 2007”, Dorota Godun representing Gdanskie Mlyny I Spichlerze Dr. Cordesmeyer said.

(PLN 1 = EUR 0.296)

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