Śnieżka paints bright picture of future with market growth of 5%

According to the management of the second largest paint and varnish producer, Śnieżka, the zł.2 billion market will increase in value by roughly 5% in 2004. Śnieżka management also believes that they can boost revenues by 28% to reach zł.381.9 million in the current year. "We are improving our market standing according to the plan," said Śnieżka's CFO Witold Waśko. In his opinion the improving results are mainly due to expansion in Ukraine where the company has placed one factory and is planning to open another. The company predicts good business in the sector will last for 3-5 more years because Poland has still roughly half of the paints and varnishes consumption in comparison to the EU. (Rzeczpospolita, p. B3) M.M.