Eurodec invests zl. 11 mln in sewing machine maker with eastern promise

French auto components maker Eurodec is to take over a subsidiary of Radom-based sewing-machine maker Zaklady Maszyn do Szycia (ZMdS) Lucznik. The French firm will inject over zl. 11 million over one year. Podlec's capital, which still formally belongs to Lucznik, is valued at zl. 3.2 million. Eurodec has pledged to boost the firm's capital within three months from Podlec's registration. They will take over a 51% stake and the remaining 49% one year after the firm's kick-off. Training of Polish staff has already begun and Lucznik employees will be transferred to the new firm after October 1st. "The French side has guaranteed that Podlec will produce sewing machine parts for Lucznik for five years. In the future, Podlec may become the center of the metals industry, focusing on cooperation with eastern markets" says president of ZMdS Lucznik Zdzislaw Gregorczyk. (Puls Biznesu, p. 9) A.Z.