Elstar Oils begins a cautious entry to the bio-fuels sector

According to unofficial information revealed by Puls Biznesu, the publicly listed company is planning to open a production facility of bio-components for bio-diesel engines. The manufacturing plant is to be opened in Malbork, in the Pomorska Special Economic Zone. By the end of March this year Elstar Oils decided to double its investments, which will total to between zł.75-80 million in the coming years. Thanks to the investments the company is to increase its sales to zł.300 million annually. The forecasts for this year talk about revenues of zł.140 million and a net profit exceeding zł.7 million. (Puls Biznesu, p. 6) A.K.