Beef-San to build new abattoir and flirts possibility of future share issue

"The plans have been accepted and construction will commence in March," said Jerzy Biel, president of Beef-San. At present the company does not meet EU sanitary standards and in order to stay on the market it must invest. "We asked for a transition period and I hope that we will get it," said Biel. The first phase of construction will cost approximately zł. 8 million. In 2005, the company plans to issue shares, but "It will only make sense when we begin production in the new plant and boost our sales," added Biel. The management hopes that a modern plant which concentrates on beef will attract investors, including foreign ones. "I am going to Italy to negotiate the terms of purchasing new technologies for the factory. While there I will also discuss our potential shares issue," explained Biel. (Parkiet, p. 3) M.M.