Nordzucker plans to modernize its plants

German Nordzucker, which owns sugar companies Pomorski Cukier (PC) and Wielkopolski Cukier (WC), plans to increase their capital during general shareholders meetings scheduled next month. PC could get zł. 35 million or even zł. 47.5 million and WC between zł.51-69 million, the latter probably by transforming a loan from the parent company into shares. "The money would be spent on modernizing the Chełmża sugar plant," said Adam Koziołek r epresenting Nordzucker in Poland. In order for the transfer to go ahead, the National Sugar Company (KSC), which was created on the basis of state owned sugar plants, has to agree. "We are only trying to meet our privatization obligations and increase the capital of the factory, which has the biggest growth potential," stressed Koziołek. (Puls Biznesu, p. 10) M.M.