LNM and Voest Alpine meet to discuss HS investments

On Thursday, LNM met with representatives of Polish Steel Mills (PHS) and Voest Alpine to discuss zł. 800 million investment plans in the Sendzimerz Steel Mill (HS). "LNM declared it is going ahead with the investments outlined in PHS' business plan. It just wants to analyze the details of the project once again, as the contract had been signed five years ago, and since then technology has moved forward," said Konrad Urbański, deputy president of Larchmont Capital, which is advising LNM. PHS deputy president, Czesław Skowronek, added that these technical advances will probably be used, and this would make the mill one of the most modern in the world. "Yesterday LNM proposed increasing the involvement of Polish firms from the current 15%," added Skowronek. This will mean that more Polish companies would be hired as subcontractors. (Puls Biznesu, pp. 1, 8) M.M.