Arcelor to secure coke supplies with EUR 200 million deal

During talks with KP's management board, Arcelor proposed building two new coke plants, thus increasing KP's coke production by 1.4 million tonnes a year and creating 900 new jobs. Andrzej Kołacz, KP's president, said that an outline of an agreement should be ready by the end of April. Should this prove to be the case, the investment could be up and running within 18 months, with repayment to Arcelor coming in the form of coke supplies. According to unofficial sources, the State Treasury welcomed Arcelor's offer with great interest. (Puls Biznesu, pp.1,8) E.B.