Wawel to build new plant, sell non-core assets

The new factory, whose cost is estimated at zł. 50 million, is to be much more efficient than the old one. "The investment will be financed by our own funds and disposal of some assets, among other sources. We do not, however, rule out taking out loans and leasing," said Dariusz Orłowski, president of ZPC Wawel. The company plans to move its headquarters to the new plant and later sell its old factory and other property in the city center, worth an estimated zł. 20 million. "This is a very good idea, which will lower operating costs and in turn provide fast returns on investment outlays," said Radosław Solan, BDM PKO BP analyst. In Q3, Wawel increased net profit by 83% to reach zł. 1.5 million. (Puls Biznesu, p. 11) M.M.