Max Aicher and Karkosik fight for WRA pipe producer

APA - Austria Presse Agentur
28-06-2006, 17:57

Warsaw (Puls Biznesu) – The Germans promise large investments and convince that they are a better investor for WRA pipe producer than Roman Karkosik.

Warsaw (Puls Biznesu) – The Germans promise large investments and convince that they are a better investor for WRA pipe producer than Roman Karkosik.

Alchemia, a company from the group of businessman Roman Karkosik who owns 10 percent in WRA, wants to increase the equity of the pipe producer from PLN 0.5m (EUR 122,488) to PLN 180m. Out of this amount, PLN 50m will be spent for investment projects. However, German Max Aicher, which has 20 percent in WRA via its subsidiary Stalos, offers to invest EUR 10m in the start and after acquiring the company they promise to invest EUR 3m annually. Max Aicher assures that WRA would increase pipe production from 60,000 to 80,000 tons annually. Alchemia on the other hand plans to double WRA’s capacity.

“It is not possible. Max Aicher has a long experience in pipe production. Analyses show that Max Aicher’s forecasts are real”, Krzysztof Bramorski, Max Aicher Polska CEO said.

Meanwhile, Marek Misiakiewicz, the head of Huta Batory steel plant owned by Roman Karkosik said that he had talked to deliverers for the production lines and Alchemia’s plans are possible to be met.

(PLN 1 = EUR 0.245)

 

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Podpis: APA - Austria Presse Agentur

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