Amid boardroom dismissals KSC struggles to put its finances in shape

The supervisory board will announce a competition for three posts on the management board. The present two-member board is preparing the final version of the company's restructuring plan. "This week they will present a detailed financial program for the enterprise, including proposals of repaying outstanding loans of zł. 220 million for which the concern is responsible for after merging with 23 other sugar mills," said Deputy Treasury Minister Józef Woźniakowski. KSC is still waiting for further loans of zł. 460 million needed to pay for supplies of raw materials. "Two banks have made a decision. We will soon sign a contract for zł. 215 million," Krzysztof Kowa, the president of KSC, told the Agriculture Commission on January 7. (Puls Biznesu, pp. 1, 4) M.M.