Duda unveils beefy investment plan

Within the next two years Duda plans to double its revenues to zl.2 billion. However, in order to achieve this the company needs to make investments of zl.260-380 million. Therefore the funds from the share issue will not be sufficient and company representatives say that credit will be needed. The largest percentage of the money will be earmarked for acquisition of domestic competitors. "We are in negotiations with a big facility, whose annual revenues are around zl.500 million. The purchase of this company would cost us zl.130 million," said PKM Duda's president, Maciej Duda. Another important stage of development is further takeovers in Ukraine where, following two acquisitions, Duda is planning takeover and modernization of five or six farms. (Puls Biznesu, p.14) A.K.