Huta Zawiercie seeks finances for zł. 200 million investments

Steel mill, Huta Zawiercie, hopes to obtain financial resources for in vestments worth around zł. 200 million. "Decisions on the capital injection will be made by the investor. The management may only suggest which projects are the most urgent, such as the construction of a new zł. 37 million furnace, or a new rolling mill worth zł. 150-200 million," announced Jan Sawczuk from the company's management office. He added that although the steel mill has been modernized and has become increasingly profitable, investments are necessary in order to place the company in a stable and competitive position. Sawczuk confirmed earlier forecasts that envisaged increased net profit and production. " For the first half of this year, the net profit was zł. 17 million as compared to zł. 14 million for all of last year," he added. (www.onet,pl) A.Z