In Brief: Indesit expands; IB Systems Group; Medicover; Warbud
The third largest white-goods producer, Merloni Indesit Polska, sees this market as the biggest in Europe, as it grew by over 17% in June and July. "We will invest an additional $10 million in order to construct a new production line in our Łódź plant. So far we have invested $80 million," said company president Vittorio Merloni. (Parkiet, p. 4) ... Companies from IT market player, IB System Group, have signed nine contracts with a total value exceeding zł. 5 million over the past six weeks. Despite the improving financial standing of the group, they still have liquidity problems. (Parkiet, p. 6) ... Last year's revenues of medical company Medicover amounted to zł. 90 million, which is a 15% growth in comparison to 2001. At present the concern operates in Warsaw and eight other cities, and services 100,000 patients. (Rzeczpospolita, p. B4) ... Warbud will be the main contractor to build a EUR 55 million amusement park in Poznań. The center is scheduled to open in fall 2004, and its investor is Plaza Centers. (Rzeczpospolita, p. B3) M.M.