Huta Irena rises out of post September 11th blues
According to daily Parkiet, one of the largest glassworks, Huta Irena (HI),
should be able to record profits this year, despite last year's losses
amounting to zl. 3.3 million. The company exports most of its products to
the US market, and was forced to halt production for two months following
the impact of the September 11th terrorist attack on the USA. However, for
the third and final quarters of this year, the order books are full again.
"Business is slowly returning to normal, and new orders will equal 100% of
our capacity," said HI deputy president, Stanislaw Pieciukiewicz. Throughout
the first half of 2002 the company suffered from very low profitability due
to a decline in exports and the strong zloty. (Parkiet, p. 5) M.M.