Cersanit hopeful of closing key deal in Russia on good terms
"We are not looking to make a deal at any cost," said Artur Kłoczko, chairman of Cersanit's supervisory board. However, according to company's CEO Mirosław Jędrzejczyk, the difficulties of Russian producers of construction materials enable signing a more favorable contract than even just a few months ago.
The acquisition will enable the firm to reach its capacity objective in Russia in 2009. If the transaction is not successful, the firm intends to embark on a greenfield investment.
Within the next few months Cersanit is also planning to boost tiles production in its Moscow plant as well as conclude the second phase of a euro 40 million investment in Ukraine.
Sources: Rzeczpospolita, Parkiet, Puls Biznesu (M.M.)
The acquisition will enable the firm to reach its capacity objective in Russia in 2009. If the transaction is not successful, the firm intends to embark on a greenfield investment.
Within the next few months Cersanit is also planning to boost tiles production in its Moscow plant as well as conclude the second phase of a euro 40 million investment in Ukraine.
Sources: Rzeczpospolita, Parkiet, Puls Biznesu (M.M.)
