Impexmetal, Prokom to sink $10 mln in metal exchange

The virtual metal exchange ce-market.com, which is to be created by Prokom S.A. and Impexmetal S.A., will begin operating by the first quarter of 2001. Prokom will be responsible for creating the internet platform in co-operation with Andersen Consulting. "It will be a typical business portal which will be engaged in trade. In the whole project we will jointly invest $10 million," said Impexmetal management board president Jacek Krawiec. Profits should flow from the first transactions as firms plan to earn revenue on advertising a trade. At the beginning transactions will be made by firms from the capital group of Impexmetal, but after some time offers will be presented to others including competitors. The turnover on the Polish metal market is about zl. 30 billion yearly. (Prawo i Gospodarka, page 1, 11) M.M.