Leading office chair producer places high hopes in Bene Nowy Styl

Nowy Styl, the top producer of office chairs announced plans to double its sales within five years. Beginning next year, the company will start a major investment program. Nowy Styl recorded revenues of zł. 265 million last year. "We are counting on a further dynamic development. This year our turnover should exceed zł. 300 million," said company co-owner Adam Krzanowski. Concern representatives expect to see a net profit of zł. 35-40 million this year. A lot of hope is also being placed on its new subsidiary, which was formed earlier this year, Bene Nowy Styl, in cooperation with Austria-based Bene. "Up to now the new company is selling our products on the home market. However, by the end of next year, we will have a network of outlets across Central and Eastern Europe. It is a very promising region," said Krzanowski, adding that he was not planning any public offer of Nowy Styl's shares on the Warsaw Stock Exchange. (Parkiet, p. 6) A.K.