IPS takes first investment steps by naming candidates for new steel plant

The company has shortlisted Italy's Danieli, Germany's SMS Demag and one of the subsidiaries of Austria's Voest Alpine, as potential candidates to complete the installment of a steel rolling mill and a molding line. The value of both investments is estimated at zl.3 billion. "We expect that this week we will list the projects from the best to the weakest. The only criteria in the first phase to be taken into account are technical details. Financial negotiations will be held in the next phase," said an anonymous source at the Huta Katowice steel mill, where the projects will be executed. It is expected that IPS will finance the projects through loans. (Puls Biznesu, p. 5) A.K.