Wawel needs cash to sweeten future plans to build zl. 100 factory in Krakow

Krakow-based chocolate-manufacturer Wawel hopes to build a new zl. 100-million factory outside the city to which it could transfer production. Wawel is looking for an investor to help finance the project. Wawel is negotiating with several foreign companies, although President Lech Wojcicki stresses none of them expect to gain control of the company. Wawel recently restructured and 400 people were laid off,reducing the workforce to 950. It made zl. 1.5 million net profit in the first three months of this year and expects to be able to pay off all its zl. 9 million debt within the next few years. (Puls Biznesu, page 5) A.D.