Wawel plans new confectionery plant with zl.40 million from Hamester

Confectionery producer ZPC Wawel has announced plans to move production to a brand new plant, to be built at a cost of zl.70 million to zl.80 million. The company currently has four plants in operation, scattered around the city of Krakow. "As sections of the new plant are completed, so production will be moved there gradually," explained chairman of the Wawel supervisory board, Eugeniusz Malek. The main shareholder in Wawel, German company Gustaw Hamester, is to invest some zl.40 million in the new plant, which is due for completion in 2005. Additional funding will be raised from the sale of land. (Puls Biznesu, p. 10) M.T.