Zelmer on its way to become publically listed

Andrzej Libold, the head of the Rzeszów-based plant, hopes that immediately after selecting an adviser and after an audit of its financial standing, he will begin the process of preparing a prospectus. Zelmer plans to debut on the Warsaw Stock Exchange (WSE) in early 2005. "We hope for a swift privatization which will allow the plant to prosper. We have achieved good financial results, which allow us to remain independent. We can achieve more if we go public, than if we decide to choose a sector investor," said Libold. Zelmer closed 2003 with zł. 13 million in net profits. The value of sales has exceeded zł. 256 million, as compared to two years ago, when restructuring of the company began with a net loss of zł. 20 million. (Puls Biznesu, p. 6) A.K.