Glass mill pledges zl.150 mn in investments until 2005

WSE-publicly traded Huta Szkla Krosno glass mill (HSK) says it will invest zl.150 million in its operations within the next 5 years. HSK announced that its strategy for the years 2001-2005 will focus on further expansion of its glass production facilities and a widening of exports, which currently generate 65% of the company's income. In 2001, HSK plans on spending zl.15 million on new projects. But that figure could increase, according to the glass mill’s president, Lukasz Zborowski, if HSK’s plans to acquire Tarnow-based glass mill Huta Szkla Browex (HSB) go through as planned. HSK has submitted an offer for the mill and Zborowski says HSK would be willing to up its investments by millions of zlotys if chosen as the mill’s main investor. In 2000 HSK recorded net profit of zl.11 million on revenues of zl.265.8 million, an improvement of 28% compared to 1999. (Puls Biznesu, p.3) A.D.