Projprzem looks forward to 2004 after excellent Q3

Bydgoszcz-based construction equipment company Projprzem has closed the third quarter with sales of zł. 27.7 million, which stands in contrast to first half sales of zł. 27 million. Some 80% of revenues are due to foreign contracts. "At present we have orders which secure 100% of our projected 2003 revenues. A majority of them come from German companies. We currently operate on a three shift six-day a week system to keep up with demand," said company president Henryk Chyliński. About 40% of Projprzem revenues are generated from contracts signed with just three clients. "Thanks to boosting our production capacity, we plan to record a double-digit sales growth and revenues exceeding zł. 100 million," added Chyliński. A growing number of Projprzem contracts are co-financed with capital from the EU and the EBRD. (Parkiet, p. 5) M.M.