PCW reinvests it profits and remains paint market leader

Last year PCW's revenues amounted to zł.634 million which is almost 9% more than in 2002, while its net profit rose by 16% to zł.17.4 million. "The result was due to our restructuring, an increase in exports and the economic revival," said Polifarb's president Arnold Peterse at the press conference on Thursday. He refused to reveal what revenues he expects to see this year, but he predicts further growth. Polifarb wants to spend zł.24 million on the company's development, 45% of which will be spent on investments in production and a similar amount on the development of its distribution network. (Rzeczpospolita, p. B4; Gazeta Wyborcza, p. 21) E.B.