Cenzin to be sales agent in restructured arms sector

The overdue consolidation the armament industry is starting this week. By the end of September the Industry Development Agency (ARP) and PHZ Bumar will take over all the shares in companies to be consolidated. Two groups will be created, aviation-radio-electronic and ammunition-rocket. The first group will encompass aircraft producers PZL Mielec, WSK PZL Swidnik, G dynia-based Radmor and Wroclaw-based PZL Hydral. Cenzin will coordinate the sales from this group. "We hope that the whole procedure will be finalized by the end of September," said ARP president Arkadiusz Krezel. At the same time PHZ Bumar will take over shares in the companies creating the amm unition-rocket group. The ARP will also transfer its shares in three c ompanies, Krasnik, Pionki and Radom-based Lucznik into the group and receive a 10% stake in the new concern. The new face of the armament sector is suppose to bring some order into both domestic and foreign markets. "The most important is to eliminate unnecessary conflict between these companies. So far they were often doubling activities competing for the same cont racts," said Krezel. (Puls Biznesu, pp. 1, 7) A.D.