Grupa Model to expand as growth continues apace

In 2003 the revenues of Grupa Model, the subsidiary of Swiss packaging producer, will grow by 20% and top zł. 82 million. The company has already posted profits and due to this fact, "We will spend zł. 30 million to modernize our Czosnów-based Tek-Pak company over the next two years, and will also increase production capacity in our Biłgoraj factory," said Grupa Model general director Walo Hinterberger. The investments are aimed at ensuring faster deliveries to clients, and to better meet their needs. Model currently holds a market share of 7%, while the market leader controls just 18%. According to company representatives, the Polish market, currently worth zł. 2 billion, has huge potential. The concern is considering a merger with another domestic producer, or constructing a new plant on its own. (Rzeczpospolita, p. B5)