Kęty begins construction of new confectionary packaging factory in Tychy

Grupa Kęty, specializing in production of aluminum based products, has commenced a new zł. 56 million investment, which will result in the construction of a plant to produce so-called soft packaging used for candies and crisps. "The investment will be financed from our own money," said Dariusz Mańko, a member of Kęty's management board. The new plant will be located in the Tychy Special Economic Zone. The factory should be ready by 2005, while projected sale levels of zł. 70 million should be achieved in 2007. "The majority of production will be bought by our existing clients, which are large foreign concerns who insisted that we increase our production capacity," explained Mańko. The only alternative to build the new plant was to consider a sector acquisition. "Take over negotiations proceed very slowly and on top of that we could not find any attractive companies which could be bought," said another board member Michał Malina. (Puls Biznesu, p. 11) M.M.