Belgian Carmeuse to pay $40 million for lime factory

About $40 million will be paid by Belgian company Carmeuse for 80% of shares of lime factory Zaklad Przemyslu Wapienniczego Trzuskawica (ZPW Trzuskawica). An agreement should be signed in the second half of July. According to the agreement with the Treasury Ministry the investor will spend as much as $250 million for the development of the Polish enterprise. The first part of the investment should include building at least one new lime kiln and renovating the old machinery. The Belgian company will also provide a very lucrative social package, which includes a guarantee of employment for 6 years, more than zl. 10,000 privatization bonuses for each employee and huge rewards for the employees wishing to leave the company during the first phase of privatization. ZPW Trzuskawica controls 30% of the Polish lime market and has an 80% market share in providing glass-mills with glazier's powder. (Prawo i Gospodarka, July 8-9, page 3) M.M.