Sharp-shooting Bumar does business with Iraq and GM

Subsidiaries of the capital group Bumar will sign a contract worth more than $20 million with the Iraqi government to supply guns and ammunition. "The contract is almost ready," said Iraq's Deputy Defense Minister Ziad Cattan, who is participating in the International Defense Industry Fair, in Kielce. Bumar also has a chance to directly benefit from the Lockheed Martin offset deal which will generate investment in the Polish plant of General Motors Europe. "We will launch production of components for Opel Polska [in Bumar]," said president of Bumar Roman Baczyński. In the first phase, 300 new jobs will be created by 2005 in the Łabędy-based plant. The work will be related to launching production of the Opel Zafira model in Gliwice. Between 2005-2007 Bumar employees will be trained in car manufacturing. If everything goes according to schedule, then Bumar could become a licensed supplier to GM Europe. (Parkiet, p. 8) M.M.