Company/Business Notes

KGHM Polska Miedz SA copper mine and manufacturer is paying out zl. 14 million ($5.6 million) in one-off bonuses to its 28,000 workers and raising wages by 6.5% effective Oct. 1. The bonuses and wage rises follow an agreement with the company's 10 trade unions, which demanded the raise after KGHM had good financial results in the first half of this year. The average KGHM wage in August was zl. 1,476 ($597).
European Union (EU) ceramic tile makers are pressing the European Commission to take action against Poland for introducing a compulsory certification scheme on tile imports from the EU. In this way, EU exports of around ECU 75 million a year are put at risk, the Federation of the European Ceramic Industry said. The Federation pointed out that there were no restrictions on Polish tiles imported to the EU.
Cable producer Bydgoska Fabryka Kabli SA (BFK) said it was raising its profits forecast for 1995 due to stronger-than-expected performance for the year so far. BFK said that it expected its net profit to reach zl. 12.9 million ($5.2 million), up from an earlier forecast of zl. 10.3 million ($4 million) and last year's report of zl. 3.4 million ($1.37 million).
Malaysia would like to create a foothold in Poland for its commodities processing and exports to European Markets, said Lim Kheng Yaik, Malaysian Minister of Primary Industries. It would like to set up joint ventures to process the commodities into manufactured goods and distribute them to Central Europe and the European Union. Yaik said the commodities in questions were timber, rubber, cocoa, palm oil and pepper.