Kety invests zl. 100 mln to strengthen market position
Kety invests zl. 100 mln to strengthen market position
Light metal company ZML Kety will invest zl. 100 million in constructing
a new aluminum frame factory in Tychy in the Katowice Special Economic
Zone (SSE). The company plans to move most of its soft-alloy production
from Kety to the new plant, with the old facilities focusing on hard-alloy
operations. The new factory is to begin operating in the fourth-quarter of
this year. "The company currently has a 50% share in the domestic aluminum
frame market. I am hoping the new investment will not only make it
possible to strengthen our market position by broadening our offering, but
also to lower costs," said Kety president Jan Kryjak. According to him,
the company boosted its exports by 150% compared to 1999, with almost 90%
of export production headed to Germany. Now Kety plans to focus on the
Central and Eastern European markets. (Puls Biznesu, page 5)
