Krakchemia to create supermarket chain in the south

Krakow-based trading company Krakchemia plans to launch one supermarket a year and to focus on the south of Poland. "The company's strategy for the coming years involves the creation of a local supermarket network," said Krakchemia's president Grzegorz Pilch, adding that the company is considering a share issue in order to finance the investment. "We intend to take full advantage of the fact that Krakchemia is a trade listed company," said Pilch. Currently Krakchemia is seeking a strategic partner. Its further expansion is dependent on the company's own resources as well as the support of foreign capital. Last year Krakchemia's consolidated revenues from sales of FMCGs and DIY goods stood at zl. 246.6 million and its net profit at zl. 4.2 million. (www. onet.pl) A.Z.