Fota tries to encourage car component producers to merge

"We are in talks concerning this issue with a dozen sector competitors, including foreign owned ones. Much will become clearer within two months. We are also negotiating with several large entities. If we reach an agreement we might consider floating our shares [to finance the takeover]," said Fota. Last year the company posted a profit of zł.11.7 million on revenues of zł.330 million. "I expect a further increase in turnover in 2006. We carried out large investments over the past few years. Currently our objective is to consolidate the market and promote Kager - our private label," explained the president. The market is very fragmented, as the 20 largest enterprises control only 50% of the market while Fota controls 10%. (Puls Biznesu, pp. 1, 12) M.M.