HTS steel mill improves results and gets closer to privatisation
Thanks to the restructuring of the HTS steel mill it has recorded a net profit of PLN 66.4mn (USD 15.4mn) in H1 2000 compared to PLN 297mn (USD 69.2mn) loss for the whole of 1999. Economy Minister Janusz Steinhoff said he is impressed and would support HTS' motion for a government guarantee of the USD 174mn loan the mill needs to modernise its rolling-steel plant. The guarantees would cover 60% of the loan to be granted by foreign banks. Steinhoff added that profound restructuring has boosted the chances for privatisation of the company. He declined to give any dates.
Źródło:IntelliNews Daily
