HTS president supports the combined sale of Poland's top four steel mills

President of steel mill Huta Sendzimira (HTS) Piotr Janeczek agrees with the Treasury Ministry's concept of privatizing four major mills by selling them to one investor. Last Friday the State Treasury invited selected steel producers from around the world to take part in the privatization of Poland' s four largest steel mills, Sendzimira, Katowice, Florian and Cedler. Potential investors may apply for one of the companies separately or the whole group. "I heartily support the idea of introducing one strong investor to the whole group, as it would then have the potential to become a leader in Central and Eastern Europe. This would require some $500 to $600 million in investments," said Janeczek. The proposal also makes sense in that the Katowice mill produces long products and HTS flat ones, so they would compliment each other very well. The other two companies, meanwhile, rely on supplies from those two. (Gazeta Wyborcza, p.27) M.M.