Amica plans big investments by 2018

Kitchen appliance producer Amica has earmarked some €160 million for investments to be spent by 2018 . As much as 40 percent of the amount will account for acquisitions abroad, Andrzej Sas, the CEO at Amica Handel I marketing told wnp.pl web portal. Sas stressed that the foreign markets are "very important" for Amica, as they generate 75 percent of the firm's annual revenue. After having acquired a 39.29 percent in French Sideme SA Societe Industrielle, Amica is poised to undertake another acquisition. The company wants to take over a logistics company, said Wojciech Kocikowskie, the deputy CEO of Amica in early September. Throughout the last half of the year, the Polish producer exported its products to 50 countries.