Steico to start new production lines in plant near Poznań

The producer of chipboard panels for the construction and furniture sectors has invested zł.63m. The effect of these outlays will be visible in a few days. "On 6 April we are opening two production lines in Czarnków. The first line will produc supporting beams and the cost of the line is zł.47m," explained Steico president, Tomasz Łucjan. The second line producing insulation panels has cost the company zł.16m. "Further expansion of our activity will require the employment of 2100 additional employers in the next two years," added the president. In this time, the company intends to double its turnover. In 2005, Steico showed revenues of zł.250m. At the same time as starting new production lines, the company is looking at further acquisitions, though the company has not given any details. Lat year, Steico bought the production plant in Czarna Woda near Poznań and invested zł.23m in it. (Puls Biznesu p.6) S.D.