Ukrainian Donbas is ready to build shipyard group

APA - Austria Presse Agentur
24-02-2005, 13:41

Warsaw (Puls Biznesu) – Yesterday, ‘Puls Biznesu’ wrote about the plan of Polish Industry Development Agency (ARP) to merge shipyards with steel plants, and create a holding similar to Korean Hyundai or German ThyssenKrupp. The idea, recommended by the government in 1995, may be implemented within 3-4 years because first the companies have to be restructured.

Warsaw (Puls Biznesu) – Yesterday, ‘Puls Biznesu’ wrote about the plan of Polish Industry Development Agency (ARP) to merge shipyards with steel plants, and create a holding similar to Korean Hyundai or German ThyssenKrupp. The idea, recommended by the government in 1995, may be implemented within 3-4 years because first the companies have to be restructured. The merged shipyards could be merged with steel producers. ARP would like it to be Ukrainian Donbas or Russian Sievierstal.

‘We are interested in building capital group, which would comprise of shipyards’, Konstanty Litwinow, Donbas representative to Poland said. First, however, the shipyards are to be consolidated. ‘This is a good idea. Common projects could bring many advantages. The operations must be conducted very carefully, however because shipyard industry is not stabile. Steel prices are very high and exchange rate fluctuations make it difficult to plan in advance’, Andrzej Stachura, Stocznia Szczecinska Nowa CEO commented. ‘Consolidation of the sector makes sense but I would not expect changes immediately. This is a long-term process’, Janusz Kozak from Gdansk University added.Poland/Enterprises/Metals and Mining

 

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Podpis: APA - Austria Presse Agentur

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