Transsystem's Eastward looking niche strategy pays off

Wola Dalsza-based Transsystem, the largest domestic designer, producer and supplier of technology systems for international automotive concerns, forecasts record high financial results of zł. 190 million in sales and a net profit of zł. 8 million for 2003. "In the current year, our revenues and profits will grow by about 80%. We found a market niche, as we offer complex products and services all over the world," said Transsystem president Stanisław Sroka. Recently the company signed contracts with international car manufacturers about cooperation on Eastern markets, among others in Russia, Kazachstan and Belarus. Stanisław Sroka refused to name the co mpanies, as the contracts are closely linked to their plans to build new car factories. "We have a company and factory in Lwow where we employ 70 people and we cooperate with Lwow Technical University," stressed the president. Transsystem also has subsidiaries in the USA, Germany and Belgium. (Puls Biznesu, pp. 1, 8) M.M.