Debica doing well, but still has some way to go to catch up Stomil

Debica, one of the largest tire manufacturers hopes to report a profit of at over zl. 47 million for 2002. This year's results should be better in comparison to last year and in 2000, when Debica made just over zl. 46 million. After the first six months of 2002, net profits were zl. 36.2 million on a turnover of zl. 509 million. "These are the first positive results from our reorganization policy. We have overhauled our marketing and sales departments and sub-contracted our logistics. The weak zloty against the euro worked in our favor as a majority our exports, 70%, are destine for the eurozone," said Zdzislaw Chabowski, the president of Debica. The enterprise, which is owned by Goodyear, noticed a dynamic increase in sales of its new Passio tires, thanks to an intensive marketing campaign. Debica's main domestic competitor, Stomil Olsztyn, also had a very fruitful period. It has noted first half profits of zl. 60 million as compared to only zl. 7 million for the same period last year. (Parkiet, p. 3) A.L.