Amica looks East in bid to double its revenues

The company is currently refurbishing its production line in Wronki to offer newly designed products. "Old production lines might be moved to a new plant either in the East or South of Europe," said Amica financial director, Dariusz Szczypiński. The actual investment decisions are probable in H2, most likely in Q4. This would suggest that production would commence in 2007 but, "No precise date can be given yet. This depends on the type of investment mode we choose - greenfield or brownfield," added Szczypiński. The company plans to boost exports so sales on Eastern markets reach a level comparable to domestic revenues of roughly zł.550 million. Despite that no precise amounts of money are mentioned, Amica is already in negotiations with banks over loans which may provide up to 80% of the necessary funds for a period of up to 10 years. (Puls Biznesu, pp. 1, 8) M.M.