Ultra Pack moves ahead with its plans for cardboard production

Well-known businessman and bourse investor Michał Sołowow took over the assets of bankrupt cardboard producer Big Carton, which recently changed its name to Ultra Pack. He claims that the company will capture about 8-10% of the domestic cardboard market, but the company requires urgent restructuring. "We begin from scratch, but we intend to land ourselves among the top ten cardboard producers. So far we have signed contracts with large clients and we hope to win similar orders from Germany and Sweden," said Ireneusz Kazimierski, the president of Ultra Pack. Its competitor, Ostrołęka-based Intercell, is not afraid of the new competitor. "The new firm might threaten small and less experienced companies," said Jerzy Janowicz, president of Intercell. Ultra Pack plans to spend zł. 10 million on new production machinery. According to Kazimierski, 2004 will be decisive for the development of the company and if things go well, then it might increase its employment from 30 to 200-250. (Puls Biznesu, pp. 1, 6) M.M.