Maspex takes lead in food processing market, looks to expanding exports

Wadowice-based food processing concern Maspex earned over zl. 1 billion in sales last year, 20% more than the year before. The results, among the best on the domestic food processing market, place Maspex in a leading position, ahead of such large companies as former market leader Hortex. In 2001 Maspex spent zl. 80 million on investments, including purchasing shares in MultiVita, a mineral water brand, and construction of a new production and warehouse complex in Tymbark. Maspex has affiliates in Hungary, Romania, the Czech Republic and Slovakia where it exports juices, cocoa and cappuccino coffee. It is also present on the U.S., Canadian, Swedish, Dutch, Danish, Egyptian, Turkish, Nigerian and Guinean markets. The company plans to invest zl. 220 million through 2003 and to enter the Russian market. (Rzeczpospolita, p. B3) A.D.