Forte opts for successive share issues to finance investments and bonuses

These will finance three projects including the construction of a furniture plant in Russia, the acquisition of the Furnel furniture producer, as well as bonuses for its top managerial staff. "The projects have already been approved by the supervisory board," said Forte's president Maciej Formanowicz. "As far as the construction of the plant in Russia is concerned, we do not have to finance the investment from a share issue. We could take a loan, however, a share issue will give us larger financial security," said Forte's deputy president Andrzej Korzeb. Additionally, the company is planning to expand its IT platform. Forte's 2004 investment plans will cost an estimated zł. 26 million to fulfill. (Pula Biznesu, p. 12) A.Z.