Maspex happy with its 2002 results and position on the juice market

In 2002 one of the largest food processing companies Grupa Maspex Wadowice recorded a 7% increase in revenues to zł. 1.1 billion and a 12% improvement of its net result, which amounted to zł. 46.4 million. The profitability of the company has been estimated at around 4%, which is quite good in comparison to its competitors. According to its 2003 forecasts its basic results should grow by several percent. This year the company is planning to invest over zł. 33 million in a new production and storage facility. It will also install an integrated IT system which will allow further cost reductions and improvements in customer service. According to Maspex president Krzysztof Pawiński, the biggest success of the company in 2002 was increasing market share in the juice production sector to 32.1%. (Rzeczpospolita, p. B4) M.M.