Construction firm petitions court to declare Lublin Daewoo plant bankrupt

Guenther MWK, a construction company based in the Slask region, has filed a petition to the commercial court in Lublin calling for the court to declare the bankruptcy of Daewoo Motor Polska (DMP) in Lublin, according to deputy chairwoman of the regional court Alicja Zych. Guenther MWK, a sub-contractor firm that worked on the construction of the Lublin plant, claims that DMP owes it zl. 400,000. This is a first petition for bankruptcy that the Lublin court has received concerning the struggling automaker. The petition was dismissed for formal reasons. DMP Lublin, like Daewoo-FSO Warsaw, has been in debt restructuring negotiations with several banks, and reportedly owes the banks around $93 million. (Rzeczpospolita, Aug. 25-26, p. B2) M.T.