In brief: NOM's telecom plans; Cersanit's new factory; JW Construction
Wlodzimierz Strzeminski, chairman of Poland's first independent
long-distance telecom operator NOM, yesterday declared that the company
plans to be profitable as early as next year. NOM's chairman said the
company is aiming at a share of "several percent" of the long-distance
telecommunications market, estimated to be worth $400 million in total. The
company also wants to increase its operating capital from the current zl.140
million, to zl.240 million. (Puls Biznesu, p. 4) ... The Cersanit company
today opens its ceramic tile and terracotta factory in the Walbrzych special
economic zone. The investment is worth zl.150 million. The plant, work on
which began in 1999, is one of the most modern ceramic tile production units
in Europe. (Puls Biznesu, p. 11) ... Property developer JW Construction sold
1,050 apartments during the first five months of the year, earning revenues
of zl.10 million. JW Construction will merge in the next few days with real
estate investor TBM Batory, with a debut on the bourse possible before the
end of the year. (Puls Biznesu, p. 15) M.T.
