New Small Company out of the ashes of Daewoo-FSO

The project of creating a new enterprise called New Small Company (NSC) on the back of the bankrupt Polish-Korean car maker Daewoo-FSO assets has attracted many potential investors. According to Puls Biznesu, the managers previously related to the company are considering investing in NSC. "Andrzej Zarajczyk, who is the president of Pol-Mot Holding as well as the head of Daewoo's supervisory board, is interested in NSC," says one commentator. Zarajczyk denies that he is interested in the investment. However, he says that Pol-Mot Holding, using its contacts abroad, could help Daewoo-FSO find a way out of its predicament. The representatives of an inter-ministerial team dealing with Daewoo's Polish units claim that there are five companies interested in investing in NSC, including India-based Tata Engineering and Korea-based Hyundai. Deputy Labor Minister Andrzej Zdebski said that the offers so far have come exclusively from foreign investors. (Puls Biznesu, p. 7) A.Z.