Famago starts to win new orders thanks to guarantees from parent company Kopex

"Famago needed financial support. When it was in liquidation, the coal mines were afraid to sign contracts with it. Now, when Kopex provides its guarantees those concerns have disappeared," declared Kopex president Rafał Rost. The company has ambitious plans for expansion. "We are looking for and finding orders for the company in Serbia, Romania, Bulgaria and Greece. We hope to inform about new contracts soon," added Rost. Meanwhile, Famago's parent company Kopex is also active on foreign markets. "We are conducting talks in Serbia, Argentina and Turkey but we have to wait for more specific information," stated Rost. The Kopex group posted a net profit of zł.19.8 million and generated revenues in excess of zł.586 million in 2006. (Parkiet, p. 8) E.B.