Impexmetal plans on aluminum and copper production

The restructuring process of the Impexmetal group has already helped turn losses into profits, but the conglomerate is not done yet. In the first quarter of 2000 the group recorded a net profit of zl. 9.25 million, while in the respective period of last year it had lost zl. 6.2 million. Impexmetal president Jacek Krawiec said of the restructuring, "We have conducted surgery, the patient is alive and well." After restructuring the Huta Aluminum Konin aluminum mill and making it profitable, Impexmetal now plans to make aluminum and copper production its core business and sell-off steel and zinc mills. The company wants to sell the Silesia and Zawiercie mills by the end of this year and use the funds from these transactions to cut its zl. 500 million debts. Krawiec said the company also plans to increase its stake in Hutmen. (Gazeta Wyborcza, page 32) T.J.