Inter Groclin Auto to publish five-year strategy

APA - Austria Presse Agentur
06-09-2005, 22:22

Warsaw (Puls Biznesu) – In the second half of September, Inter Groclin Auto, the Polish car upholstery producer, is about to publish its five-year strategy. “The document is ready. But we are finalising talks with one of our partners concerning future orders. When the talks are over, we will publish the strategy”, Jerzy Pieta, Groclin spokesman said.

Warsaw (Puls Biznesu) – In the second half of September, Inter Groclin Auto, the Polish car upholstery producer, is about to publish its five-year strategy. “The document is ready. But we are finalising talks with one of our partners concerning future orders. When the talks are over, we will publish the strategy”, Jerzy Pieta, Groclin spokesman said. The document gives detailed data concerning forecasts for results, investment plans and development directions.

The listed company will start at the year-end to realise PLN 500m (EUR 126.5m) worth contracts signed in March. Those contracts include upholstery for BMW Mini cars. Therefore, capacity is being raised in Inter Groclin Auto. Its plant in Ukraine is being enlarged and a completely new plant is being build in the special economic zone in Nowa Sol. In the second quarter, the company had PLN 6.5m of net income, 30 percent less than in the same period of 2004.

(PLN 1 = EUR 0.253)

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Podpis: APA - Austria Presse Agentur

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