Barlinek gears up for flotation and to double production capacity

Barlinek, a domestic leader and an important international producer of wood floors may debut on the Warsaw Stock Exchange in mid 2004. "More details will be announced at the end of 2003. We will probably use the tens of million złoty raised to develop the company," said Mariusz Gromek, a member of Barlinek's supervisory board. It is also possible that then the owner, Michał Sołowow, may dispose of some of his shares. Between 2000-2004 the company will invest over zł. 130 million on its development. This has begun to pay off, as its revenues have been boosted from zł. 83.4 million in 2000 to zł. 106 million in 2002. According to projections, Barlinek should post a zł. 14 million profit on revenues of zł. 146 million this year. In September, the company begun constructing a new production line, which will double its production capacity. (Parkiet, p. 4) M.M.