Koelner ramps up operations with significant investment

In the second half of October the company will present a development strategy for the next three years which will show that the it plans to invest over zł.100 million increasing production power and producing new products. The company has a lot of idle terrain surrounding its plants and it wants to capitalize on this by expanding its existing facilities rather than building anew. Radosław Koelner, the company's president said that they are working on analysis of financial flows for next few years, and are also pondering a new share issue. Together with its new strategy, Kolner will also be announcing its plans concerning Śrubeks, a leading producer of screws. Koelner owns about 20% of Śrubeks shares, it wants to either sell these or buy more in order to take control. The company is probably going to buy Śrubeks, but again this depends on the share price as Śrubeks had bad results in 2005. (Puls Biznesu p.10) M.M.