Polish Business Survey
Polish Business Survey
DNS Polska to be sold
DNS Polska, a distributor of advanced IT solutions is to be sold to the German DNS Inc.com.
Kerakoll to build factory
The Italian building materials producer Kerakoll is to spend USD20m on a production facility at Rzgowo near Łódź. The factory will be 16,000sqm and is planned to start producing at the beginning of 2002.
The company has been present in Poland since last year. Danilo Rinaudo, MD of Kerakoll Polska claims that the results have been so good that the company has decided to go for production here instead of importing them from Italy.
Production from the Polish plant will equal almost thirty percent of the entire company. Some of this will be directed at further expansion to the east and to the south.
Kerakoll’s plans do not bother their direct competitors Atlas and Henkel who have an eighty percent share of this market. Aleksandra Paprocka of Atlas said that her company was building two more factories in order to satisfy local demand. At the same time Henkel claimed that Kerakoll is not a direct competitor for their as it offers products which in the opinion of Krzysztof Jakubiak are inferior.
EU insists budget finds cash
The European Union is insisting that the Polish government finds almost PLN284m for the customs service to replace service charges. This year, for example, ten service charges are being eliminated such as those for controlling documents, origin of goods or permission for transit. They have up until now contributed to the running of the customs service.
Credit risk agency to be born
On 29 November a credit information agency will come to life. Banks will supply it with information which will then be passed to others in order to assess credit risk of potential clients. The law allows this information to be exchanged without asking the clients permission first. Banks will have to pay from PLN6 for each report.
Bongrain plans purchases
The French milk products group Bongrain is currently negotiating the purchase of two milk co-operatives. The results of these negotiations will decide if it is to overtake Hochland as the market leader.
Excise duty killing brewing
Next year’s budget plans forecast an increase in excise duties on beer by 10.1 percent in January and a further 16.5 percent in September. Experts are now suggesting that the consequent increase in price could easily result in a drop in consumption which could be as much as 130m litres. This clearly will not only result in job losses in the sector which currently employs 15,000 people but also in a reduction in the amount of taxation the budget receives from the sector. The CASE institute has forecast that as many as one thousand jobs could be at risk.
Last year the market grew by over eleven percent, this year in comparison a fall of four to five percent is expected. Next year the market will be probably contract by as much again.
Pilicka Telefonia hits 25k
At the end of this year investments of Pilicka Telefonia will reach USD65m and USD80m within the next 18 months. Two years after starting in this country the company has now reached the 25,000 subscribers mark. Nonetheless it is still less than its immediate competition: Netia at over 300,000, Telefonia Lokalna at nearly 80,000, PTO at over 70,000 and El-Net at around 40,000. Bearing in mind that Pilicka has undoubtedly less attractive concessions, being based around the area of Piotrków, Radom and Tarnobrzeg, then its results do not look so bad.
An either ore decision
On 23 November the shareholders meeting of the Gdańsk based Rudoport will decide if it wants to be a partner of the Plock based Pollex. The new shareholder should supply the funds necessary for the construction of an unloading terminal for ore. This terminal will cost around USD76m.
The main shareholder of Rudoport is the Huta Katowice steelworks. Other shareholders include Hydrobudowa, Famak, Mostostal Gdańsk, Kolsped and the Port Authority of Gdańsk.
This investment has surprised port authorities in Szczecin-Swinoujscie who recently completed their own ore terminal at the cost of PLN17m. However Huta Katowice who has a 62 percent share in Rudoport has no doubts. This new terminal should reduce ore transport costs which is imported from Brazil, South Africa and Sweden. Currently the port can only take ships of up to 60,000DWT,once the terminal is completed ships two and a half times this size will be able to get into the port.
Huta Katowice uses six million tons of ore per year. One third only of this is brought in by sea.
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