Kuchnia Polska sniffs out investments in food segment equalling zl.100 mn

Domestic investment group Kuchnia Polska (KP) this year is looking to invest approximately zl.100 million into Poland's food and beverage sector, with companies in the fish processing and ice-cream production segments likely candidates for KP's capital. "We are interested [in purchasing] companies ranking among the first two or three in these sectors," said Ireneusz Pilarz, head of KP's supervisory board. At the same time, KP shareholders would like to unload their dairy products producer Elmilk by the end of 2001, which is said to already have an interested foreign investor from the same sector. According to Pilarz, thanks to its increased production capacities, Elmilk will rank second in its sector by the end of this year. KP also plans to sell its holdings in its cigar maker Tobacco Factory and meat producer Zaklady Miesne Malaszewicze. (Puls Biznesu, p.5)