HSW glass mill buys new technology for PLN 45.2m

Huta Szkla Wolomin (HSW), the Polish glass mill, buys a new technology to produce heat-resistant glass. In a year’s time, the capacity will be several times higher, while employment will rise by 69 people.

HSW which was bankrupt in 2000, plans a big project.

“The company is investing PLN 45.2m (EUR 11.9m) in an ecological technology and equipment to produce heat-resistant glass Termisil”, Anna Michna, HSW deputy CEO said.

The company received PLN 15.8m of subsidy from the state and EU for the investment.

Capacity will grow by several times. Employment, which today amounts to 230 people, will increase by 69 workers. The company is currently choosing the deliverer of the new technology.

“I believe that the three new lines will be launched in January or February next year”, Anna Michna estimated.

HSW is the only producer of borosilicate glass in Poland.

600450 HSW glass mill buys new technology for PLN 45.2m glassonweb.com
Date: 3 March 2006
Source: Pulsbiznesu.pl

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