Amica has hopes of Asian customer becoming partner
Home appliance manufacturer Amica Wronki has concluded a deal with a buyer
in the Far East for the supply of refrigerators worth approximately zl.80
million. Amica is hoping the unnamed Asian firm may become its sector
investor, if further contracts for the sale of ovens and washing machines
are, as expected, signed in February or March next year. Jacek Rutkowski,
chairman of the Amica supervisory board, said talks between the two
companies regarding a partnership may begin soon. "If our co-operation goes
well, in June negotiations pertaining to changes in our capital structure
will begin. It is likely that in exchange for its own stock Amica will take
over a share package of the Asian company," Rutkowski said. Amica is
planning to increase its overseas sales next year to 40% of its turnover.
This year exports will generate zl.300 million, accounting for 30% of total
sales. (Gazeta Wyborcza, p. 26; Puls Biznesu, p. 6) M.T.K.