Amiantit announces plans of opening new pipe production facility

Gdansk-based Amiantit Nordcap Plastic (ANP), a subsidy of Saudi Arabian Amiantit Company announced further investments. They will spend zl. 49 million in opening a centrifugal pipe casting facility. The investment, planned for later this year, will probably increase to zl. 100 million within four years. "Our annual production at the moment reaches zl. 18 million," said the head of ANP, Jacek Struk. Representatives of the Polish-Saudi Arabian company has announced plans to increase enterprise capital, from the present zl. 2.6 million, up to zl. 10 million - zl. 12 million. The company is also preparing investments in water supply and sewerage systems. Amiantit International Holding, another subsidy, is willing to cooperate with municipal authorities, and after receiving the required concessions, want to design, construct and operate this infrastructure. The company is currently holding talks with three cities concerning this kind of cooperation. The names of the cities however were not disclosed. (Puls Biznesu, p. 6) A.K.