Construction News: Hydrobudowa; Kreisel; Naftobudowa redundancies
Hydrobudowa-6 has won a tender, worth at least zl. 26 million, organised by the Jagiellonian University for the construction of the Audytorium Maximum - a modern complex of lecture hall... Kreisel of Poznan, a producer of construction materials, decided to bring forward the commissioning of its fourth plant, near Tomaszow Mazowiecki, due to the promising sales revenues recorded by the company in the first eleven months of 2002 (25% up y-o-y). The investment, which will enable the company to double its annual output, will cost zl. 10 million and will be completed in the first half of 2003... Naftobudowa of Krakow, is to lay-off 200 of its employees by the end of 2003. After Q1-Q3 2002 the company reported revenues of zl. 47.8m and a consolidated net profit of just zl. 750,000. (Construction News is C/O Polish Market Review Construction Update No. 31, www.polishmarket.com) In Brief: Siemens; Pfleiderer Grajewo; PKP zl. 3.9 billion bond issue; Dominet Siemens has successfully installed mySAP.com platform solutions in Zespol Elektrowni Patnow- Konin power plant (ZE-PAK). The system was implemented in just 11 months and began operating before the deadline scheduled for July 2003. (Puls Biznesu, p. II) ...From February 1, the new head of chipboards producer Pfleiderer Grajewo, controlled by German concern Pfleiderer Holzwerkstoffe will be Pawel Wyrzykowski. (Parkiet, p. 4)...Polish State Railways (PKP) has been allowed to issue bonds worth zl. 3.9 billion between 2001-2004 by Sejm joint commissions. Is quota can be increase to zl. 6 billion if permission is granted by the Finance Minister. "However, we do not want PKP to take advantage of this larger quota," said Deputy Infrastructure Minister Mieczyslaw Muszynski. (Rzeczpospolita, p. B2)...Dominet Bank (former Cuprum Bank) closed last year with a zl. 2.7 million net profit, which is ten times as much as it made in 2001. This year it wants to increase the number of its outlets from 20 to 120. (Puls Biznesu, p. 6) J.K.
