Pfeifer und Langen announces five-year zl.380 million investment plan
German company Pfeifer und Langen (P&L), which recently purchased a
controlling interest in the five plants belonging to the Kalisko-Koninska
sugar company (KKSC), has announced plans to invest at least zl.380 million
in Poland over the next five years. Of the total investment, a minimum of
zl.150 million will go into upgrading its sugar plants, and an additional
zl.230 million will be used to pay off the liabilities of its new
acquisitions. Commenting on the targets and goals of the planned investment,
P&L co-owner Herbert Muller von Blumencron referred to improving the quality
of beet supplies and sugar production, cutting production costs, and
developing the plants' environmental protection policies. Prior to its
acquisition of KKSC, P&L had already invested zl.200 million in its six
other sugar plants in Poland. (Puls Biznesu, p. 13) M.T.
