MCI says JTT's negotiations going well with creditors

According to Tomasz Czechowicz, MCI Management's president, the negotiations are going in the right direction and the two parties should soon sign an agreement that will make possible negotiations with other creditors. Czechowicz hopes to organize a creditors' meeting in June but added that he does not see a chance for JTT to operate under the present shareholder structure. The envisaged settlement with its creditors is part of a restructuring plan for JTT prepared by MCI that hopes to allow for a quick settlement of debts and the restarting of production at the company through the intervention of a sector investor from Asia. (Parkiet, p. 6) E.B.