PVC producer Sanwil, concludes restructuring process

Przemyśl PVC producer Sanwil has concluded its restructuring process, and plans to close the year in the black and to invest in the Ukraine and Russia. In two weeks, its General Shareholders Meeting will decide on changes to the supervisory board, which is due to recent changes in the structure of shareholders. At present nearly 40% is owned by investor Adam Buchajski. "We already have business plans concerning investments, but they need to be accepted by the new owner," said Krzysztof Tytko, Sanwil president. The company has begun cooperation with sector partners and Sanwil will bring its know-how into the investment. However, the polyurethane investment in Russia requires EUR 1 million. Over the last six months, Sanwil has recorded net sales of zł. 16.7 million, which decreased its net loss two-fold to zł. 1.1 million. "We intend to record zł. 38 million revenues and break-even in 2003," said Tytko. (Puls Biznesu, p. 6) M.M.