Major turnover but meager profits for soon to be privatized Lmeat

Four companies are fighting to acquire a 70% stake in state-owned meat processing company Zaklady Miesne Lmeat Lukow. According to analysts, ZM Duda and ZM Stoklosa have the best chances of winning the tender. "The shares should be sold by the second quarter," the Treasury Ministry Press Office said. Employers and management in Lmeat are eager to have a new investor so they can gain access to new markets and distribution networks. The company managed to slightly increase their almost zl. 230 million turnover and post a profit of zl. 400,000. Maciej Duda, owner of ZM Duda, said that his company wanted to further develop the production capacity of the Lukow plant and would not lay-off, but rather increase the number of its employees. At present LMeat products are already sold through Duda's distribution network. (Rzeczpospolita, p. B3) M.M.