Kopex opens foreign branches and enters new markets

Stock-listed exporter of mining equipment Kopex intends to increase its revenues by zl. 150 million and record profits of zl. 9-10 million in 2003. "We plan to boost our exports and have opened branches in Belgrade, Moscow and Beijing," explained Kopex president Rafal Rost. The first step towards this objective was the signing an agreement worth $10.5 million with Japanese concern Toshiba for the modernization of a Romanian power plant. Kopex would provide equipment, while Energoprojekt Katowice will be the main contractor. President Rost would not reveal how much his company would earn on the deal, but added that this would be the second contract they have won in Romania. Rost added that Kopex has a good chance of winning contracts to supply a coal transport system in Yugoslavia and developing a mine in Vietnam. (Puls Biznesu, p. 9) M.M.