Boryszew to rebuild its German factory by fall 2016

WSE-listed Boryszew is planning to rebuild its production plant  in Prenzlau, Germany by October next year, the company reported. It also informed that it will start construction of a new facility in Toruń, when reconstruction of the German plant reaches an advanced stage. The factory was demolished due to fire. Recently Boryszew has signed a loan to carry out the €21 million project. Boryszew is one the biggest industrial groups in Poland, it specializes in the production of automotive components. The company recorded revenues of PLN 5 bln in 2014 and its net profits stood at PLN 155 mln.