Polish Pharmaceutical Holding finally becomes a reality

So far, Polfa Warszawa and Polfa Pabianice have entered the new entity, whose capital is zł.416 million. The ministry has no plans of increasing PHF's equity. "The profit from both Polfas can be used to develop the company," said Józef Woźniakowski from the Treasury Ministry. In 2003, Polfa Warszawa made a profit of zł.38.8 million and Polfa Pabianice zł.15 million. PHF will employ 2,360. The ministry's plan also envisages that Polfa Tarchomin will enter the holding in September and that the company would go public by the end of the year. (Puls Biznesu, p. 9) A.F.