Plastic packing producer, Plast Box, to debut on WSE

"We want to finalize the process related to the issue by February 17, which includes signing up potential investors for the shares," said Waldemar Pawlak, Plast Box President. The company plans to raise zł. 14 million from the public sale. The funds will be primarily used for lowering its liabilities and the purchase of additional production facilities for its domestic plant. Some of the company's old equipment will be transferred to a company that is currently being formed by Plast Box in the Ukraine, with the hope to further expand its presence on the East European market. Increasing sales abroad is a priority outlined in the business strategy. "Taking into account Poland's stable market conditions, foreign sales are a natural direction for our expansion. This year we want it to reach 45% of total revenues," adds the president of the Słupsk based manufacturer. (Puls Biznesu, p. 16) A.K.