Prolift gains a Spanish partner to help financial liquidity

Macpuarsa of Spain has purchased a 30% stake in Poznań-based elevator producer Prolift, paying around zł. 0.5 million for the shares. According to Prolift's president, Zbigniew Stochalski, gaining a foreign partner will help the firm recover after its financial problems. Prolift has been in business since 1988 and is owned by private entities. "Currently, we have a 5% share of the domestic market and we are planning to increase this by a further 15%," stated Stochalski. He also expects the net profit to reach approximately zł. 500,000 this year. "Macpuarsa supplies parts for our lift production. As our partner, the company will be able to provide much better conditions of cooperation. Unfortunately, banks are reluctant to grant loans to companies from the construction sector; therefore, we have to secure financial liquidity ourselves," he added. (Puls Biznesu, p. 10) A.Z.