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Krosno to double net margins

Krosno glassworks plans to invest Zl 150 million by 2005 in order to double its present profit margins. The company said it plans to increase its share of the hand formed glass market by 16% and of th…

Krosno glassworks plans to invest Zl 150 million by 2005 in order to double its present profit margins. The company said it plans to increase its share of the hand formed glass market by 16% and of the automatically formed glass market by 12% by 2005. Export sales are planned to increase by 59.5% over the period. In order to meet the above goals, the company plans to implement a new trading and marketing strategy and to reorganize distribution. Krosno plans to open an export office and to intensify trade. Additionally the company intends to implement several cost cutting and efficiency increasing projects.

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