Famur to become mining machinery global player

The Silesian company will designate zl.175 million to pay off debts following the acquisition of Pioma and upcoming acquisitions, while the remainder of the funds will be taken over by the shareholders. Famur's 2006 profit forecast envisages earnings of zl.116.1 million on revenues of zl.702.9 million. The company intends to develop primarily through acquisitions as, "We have technology and a brand. We can conquer markets both via acquisitions, both in Poland and abroad. Global leader, Joy Mining Machinery, is out of reach, but the second position in the global market is within our grasp. This is our objective," said Waldemar Laski, president of Famur. (Puls Biznesu, pp. 1, 9) M.M.