Gdynia Shipyard plans the creation of holding company

"I do not exclude the merger or takeover of companies that operate in the shipping market. The purchase of Gdansk Shipyard is the first step towards a holding," he said. Szlanta estimates Gdynia Shipyard's income will reach $400 million in 1998, or 40% more than 1997. He also announced plans to divide Gdansk Shipyard into two separate companies, one to construct ships and the other a development company to control the transformation of the Shipyard's real estate into a trade and industrial center. Said Szlanta: "We are aware of the amount of the investment needed in Gdynia Shipyard. We treat it as a long-term investment." (Prawo i Gospodarka, pages 1, 3)