Inter Groclin Auto boss launches big shares buy-back

So far Drzymała has spent around zł.1 million on the buy-ups, but does not want to disclose further plans. On one hand the share price has fallen to below zł.100 from zł.150 in just a couple of months, but on the other hand the company is regularly signing new deals. At the beginning of March it signed a five year contract with Faurecia worth zł.500 million. "We are already negotiating new orders, much larger than this one," said Drzymała. The execution of a recently signed contract will begin by the end of this year, when the company will start producing upholstery for the BMW Mini. In order to fulfill this contract it has already begun developing its production facilities in Ukraine and Nowa Sól to increase capacity. (Puls Biznesu, pp. 1, 8) A.K.