Barlinek hopes to become a world leader thanks to its new plant

The company, now controlled by Michał Sołowow, plans to sell about 8 million new shares and Sołowow himself will sell an additional 14 million shares. Barlinek wants to raise zł.53 million from its IPO, at a share price of zł.6.6 per share. The raised capital will allow the company to finance 40% of its new production plant that it is planning to build in Ukraine, Russia, India or China. The company controls 70% of the domestic market and now plans its expansion to the East. Within four years Barlinek wants to secure the leading position on the world market in the floorboard and parquet flooring sector, which will be possible if it achieves its production target of 8 million square meters of floorboard a year, and to this end its new plant will play a deciding role. (Puls Biznesu, p. 7; Parkiet, p. 3) J.J.