Strzelec beverage producer jumps 17 percent

APA - Austria Presse Agentur
19-01-2006, 07:16

Warsaw (Puls Biznesu) – Strzelec launches the first of its two investment projects. The second venture – acquisition of water producer, is being finalized. A third project is being planned.

Warsaw (Puls Biznesu) – Strzelec launches the first of its two investment projects. The second venture – acquisition of water producer, is being finalized. A third project is being planned.

Strzelec was rising even 17 percent to PLN 1.17 (EUR 0.303) yesterday. Shares of the company, which has given up beer production and launches other investment projects, reached the highest level in 12 months. High price of the stocks is mainly due to the new projects.

“The package production line will be launched within hours. We will launch mass production in the first quarter”, Adam Brodowski, Strzelec chairman and biggest shareholder said.

The company is going to introduce a new packaging product: a merger of aluminium and artificial materials. The second projects is the acquisition of a mineral water producer.

“Within a year we will finish its restructuring and sell the company. This is a capital investment”, Strzelec chairman revealed.

The company has a surprise for its investors.

“We are working over a big project, which will become the pillar of our operations next to the production of packages. That’s all I can say now”, Adam Brodowski said.

(PLN 1 = EUR 0.259)

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