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Bumar future looks grim

13th March 2013
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The firm's assets may be integrated into different state-owned companies


Courtesy of Bumar

The Polish government is working on various solutions for the defense industry. A group of experts from several different ministries is to present a set of possible solutions to the prime minister.

According to daily Rzeczpospolita, one of the proposed solutions will be the further integration of defense industry companies around Bumar. The other would mean that Bumar's capital group would be dissolved and new holdings would be formed, based on product groups.

The new state defense holding company would only supervise the production companies and not perform business activity itself.

The government is considering the changes because Bumar has failed to build a model brand in defense industry, both at home and abroad, officials said. “It hurts Polish defense exports,” said Deputy Minister of Defense Waldemar Skrzypczak.

“I believe the government decision will be a responsible one,” responds Bumar CEO, Krzysztof Krystowski, adding that in 2012 the company had posted zł.3 billion income and employes 10,000 people.

Poland A.M.


From Warsaw Business Journal


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