Polish industrial group Boryszew is looking for acquisition targets in North America, the company's CEO Piotr Szeliga said. He explained that the North American automotive market is growing and Boryszew would like to take advantage of that.
Mr Szeliga said that Boryszew's automotive arm has already secured contracts that guarantee annual revenues of €500 million. He also said that Boryszew is about to start due diligence in view of the potential takeover of an aluminum plant in Montenegro.
In Q4 of last year, the company closed its plant in Italy, which was bringing zł.1 million in losses each month.
From Warsaw Business Journal
Construction on Ideal Idea III in Warsaw gets underway
One quarter of industrial firms in the red
Hydrobudowa files for outright liquidation
Polish industrial production declines on m/m basis
Polish industry weakened in April, sign of a slowdown
Commemorating Europe Day, EU faces key challenges
BY Stratfor Global Intelligence
Deputy PM cries out for attention
BY Remi Adekoya