Aral Polska investment to reach DM 1 billion when retail network is finished
In May, Aral Polska, a subsidiary of a German company will open up its
eightieth gas station in Poland in Krakow. The company has already invested
DM 300 million, not including land costs. "After the expansion of the
network is finished, to include 200 gas stations, our investments will have
amounted to DM 1 billion. At the same time our share in the retail sale of
gas will increase to 10%," said a press release from Ingo Paap, a member of
Aral Polska's management board. According to him the price competition
started by Polski Koncern Naftowy (PKN) is a big problem yet investments
will be developed, because the Polish market is very promising due to the
rapid increase in the number of cars. Aral is not planning to take part in
the privatization of Rafineria Gdanska or storage and transport firm
Dyrekcja Exploatacji Cystern (DEC). (Prawo i Gospodarka, page 2, Gazeta
Wyborcza, page 20) E.B.