There has recently been considerable investment, both foreign and internal, in Poland“s glass sector. Leading international groups as well as Polish financial institutions have decided to commit fund…
There has recently been considerable investment, both foreign and internal, in Poland“s glass sector. Leading international groups as well as Polish financial institutions have decided to commit funds. The following table lists glass investors in Poland. Investor Equity & loans Commitments Country Branch Main Polish US$ million US$ million of origin partners Quarzwerke GmbH 3 5.5 Germany Glass-making sand Osiecznica (glassmaking sand mine and plant) (75%) Herman Heye-Carl, August 2.7 13 Germany Glass industry Huta Szkla Dzialdowo Heye-(glassworks) Heinz Glass GmbH Sekurit Saint-Gobain 2.5 8 Germany Glass production Huty Szkla Okiennego Kunice SA Deutschland (window glass) (80%) Beteiligungen GmbH Crystal Clear Inc. 1.6 3.2 US Crystal glass prod. Huta Szkla Krysztalowego Sudety in Szczytna Walbrzych province (49%) EBRD 222 0 Internal Banking capital Banking Centre Warsaw, Polish Private Equity participation in Fund Huta Pilkington-Sandomierz (glassworks), enterprises Wielkopolski Bank Kredytowy, Caresbac Polska, Fiat Auto Poland (Fiat: US$ 37 million – 13%, US$ 38 million – loan) International 218 0 Internal Investment in 27 projects including: Huta Sandomierz Finance Corp. private sector (glassworks); Huta Warszawa (steel mill); projects across Chemadex; IBP Bank; Gaspol; Intercell. all industry sectors Sp zoo; JV Sprint RP Telekom (purchased 11.7% shares for US$ 7 million and US$ 70 million loan) Pilkington 166 0 UK Glass plant Huta Sandomierz Pilkington 19.5 2.5 Canada Machinery for Spomasz – Gniezno, JV Biawar, Huta Szkla food processing (glassworks) in Antoninek (60%), IBIS- industry, packaging (Bydgoszcz, FADA-Gniezno (lifts), (57%) equipment, together with the Finnish construction water heaters company Scaniter, the distribution chain Polbita