Unimil's most prominent customer: The U.N.

Things are looking just great for domestic condom producer Unimil, which has just signed a prestigious one-and-a-half year contract with the UN. "We would have to deliver a set quantity of condoms to the United States, which would then be sent to Third World countries," said Grzegorz Winogradki, president of Unimil, commenting on the news that Unimil has won a contract to supply the United Nations with deliveries of up to 20 million condoms.

"It's a prestigious contract," Winogradki told the press, "the criteria were very difficult to fulfill." Signing of the contract was preceded by demanding auditing procedures in New York and Australia, in which not only Unimil, but condom producers from all over the world took part.

The condoms will be earmarked for the United Nations projects on Aids and family planning worldwide.

Unimil, which is Poland's biggest condom producer, and the second-largest in Europe, next to their own strategic investor, Condomi, already has a booming business. About 10 percent of their income comes from exports, distributed in Russia and eastern Europe by Unimil and to western Europe by Condomi. Some of their largest contracts are with PSI (Population Service International) and Marie Stopes in the U.K.

Unimil's share value has almost tripled over the last few years, but even so, they are not planning either to leave the WSE, even though they have Condomi as a strategic investor, neither are they planning to fund any kind of development by issuing more shares on the stock exchange.

By Hillary Davies