Barlinek prepares to double investments following autumn

The company is putting the final touches to its issue prospectus that is soon to be submitted to the Securities and Stock Exchange Commission (KPWiG). The value of the offer is projected to reach zł.60-100 million. The money raised is to be spent on investments. In total Barlinek plans to spend zł.200 million on investments in 2005-2006, against zł.124 million it spent in 2004. The company's largest project is be a new production plant, thanks to which it will be able to increase its production capacity from the current 4.3 million square meters of floor to 6.3 million square meters a year. The new plant will be opened in Q3 2006 and will be financed with the company's profit and bank loans. Another zł.100 million will be spent on opening a factory abroad as soon as a decision is made on its location. The places taken into consideration are: Russia, the Far East or South America. In 2004 Barlinek enjoyed revenues of zł.235 million and made a net profit of zł.26 million. It is projected that this year's figures would be higher by zł.85 million and zł.10 million, respectively. (Parkiet, p. 6) D.W.