Firma Chemiczna Dwory to invest zl. 400 million in new production

Oswiecim-based Firma Chemiczna Dwory (FCD) is willing to invest zl. 400 million in the development of its production division, and the company hopes to co-operate with PKN Orlen. Analysts are, however, skeptical as to its chances of success. Considering the very poor status of the country's chemical industry, FCD presents itself in a favorable light. It is the only producer of synthetic caoutchouc, latex and polystyrene on the market, and one of a very few companies in its sector that actually closed 2002 with a profit. FCD plans to carry out the zl. 400 million investment outlays over a five-year period, "The most expensive venture, costing zl. 120 million-zl. 140 million, will be to establish production of new types of caoutchouc, from which quality car tires are made," said FCD President Zdzislaw Ingielewicz. (Puls Biznesu, p. 3) A.C.