Friday, September 28, 2007

PolyOne Dedicates New Color Manufacturing Plant in Poland

PolyOne Dedicates New Color Manufacturing Plant in Poland

September 27, 2007: 10:58 AM EST


CLEVELAND, Sept. 27 /PRNewswire-FirstCall/ -- PolyOne Corporation , a leading global provider of specialized polymer materials, services and solutions, today dedicated a new color concentrates manufacturing facility in Kutno, Poland, to serve rapidly growing regional markets in Eastern Europe.

The new plant is centrally located in Poland, with easy access to all major industrial regions and proximity to the main Berlin-to-Moscow transportation route. It is PolyOne's second manufacturing facility in Eastern Europe. The Company opened its first facility in Gyor, Hungary, in 1998.

Approximately 100 invited guests attended the dedication ceremony, among them customers, suppliers, regional and national dignitaries, and PolyOne employees. At the ceremony, PolyOne Chairman, President and Chief Executive Officer Stephen D. Newlin cited the new plant as another example of PolyOne's specialization and globalization strategy.

"Today's dedication reaffirms PolyOne's commitment to specialization and globalization in support of our customers worldwide," Newlin said. "Our new state-of-the-art Kutno facility expands our capacity to offer quick, convenient access to specialized materials, services and solutions for both locally based and multinational customers who are establishing manufacturing sites in this rapidly growing region."

The plant is designed for PolyOne's color products, but can be expanded to handle other PolyOne products. The facility will include a laboratory to develop and test products to customer specifications, and meets the strictest safety and environmental standards, including food contact and health care applications.

About PolyOne

PolyOne Corporation, with 2006 annual revenues of approximately $2.6 billion, is a leading global provider of specialized polymer materials, services and solutions. Headquartered in northeast Ohio, PolyOne has operations in North America, Europe, Asia and Australia, and joint ventures in North America and South America. See www.polyone.com for additional information on PolyOne.

Bank of America to sell Polish food industry giant?

Bank of America to sell Polish food industry giant?

Created: Friday, September 28. 2007

Argan Capital, the fund created by Bank of America to manage the Polish producer of juices and deep-frozen vegetables, Hortex, may well sell the company for 300 million euro.

Prospective buyers of the brand, highly popular not only in Poland but also in Russia, are said to be numerous.

They include Pepsi Co, British investment fund Lion Capital, as well as Polish food producers Maspex and Hoop.

Hortex is a rapidly developing company, last year it had total revenues of 730 million.

Hortex now has a 12% share of the juice market, and 53%-share of the deep-frozen vegetables

Wednesday, September 26, 2007

Sobieski Vodka, Poland's #1 Premium Vodka, Enters U.S.


Sobieski Vodka, Poland's #1 Premium Vodka, Enters U.S. Market to Overthrow the Tyranny of Overpriced Vodka
Related News


Sep 27,2007-Sobieski Vodka is being introduced at a time when the vodka "wars" are raging. In 2006 alone, 60 brands of vodka were introduced by marketers seeking to capitalize on the category's explosive growth, according to Adams Beverage Group.


27/09/07 Named after Poland's King Jan III Sobieski who saved Europe from the rampaging Ottoman Empire, Sobieski Vodka is entering the U.S. market to overthrow overpriced vodkas. The #1 premium vodka in vodka's birthplace of Poland, and the world's 7th bestselling and fastest growing international spirits brand makes no compromises on quality and exemplifies the height of Polish craftsmanship and authenticity. Building on a noble heritage, Sobieski Vodka is produced exclusively from the revered Dankowski rye at a distillery dating back to 1846. It is coming to market at a competitive price to dispel the notion that consumers have to spend a king's ransom to get premium quality vodka.

With a suggested retail price of $10.99 for a 750 ml bottle and $19.99 for a 1.75 liter bottle, Sobieski Vodka will be available this fall in major retail stores throughout the U.S. Its smoothness and crisp character can be equally appreciated chilled neat, on the rocks or mixed in cocktails, making it a perfect addition to the home bar.

"It's time vodka drinkers knew the truth about vodka," said Chester Brandes, President and CEO of Imperial Brands, Inc., which is the sole importer of Sobieski Vodka and is a wholly-owned subsidiary of Belvedere S.A. "Consumers are spending between $30 to $60 a bottle for so-called super- premium vodkas. In essence, they are paying for fancy packaging and bloated marketing costs. It's time to get back to basics with an honest, premium vodka at a price that won't make consumers' heads swim. Sobieski Vodka delivers unparalleled quality at an affordable price."

Sobieski Vodka is being introduced at a time when the vodka "wars" are raging. In 2006 alone, 60 brands of vodka were introduced by marketers seeking to capitalize on the category's explosive growth, according to Adams Beverage Group. Vodkas have been launched in a staggering number of flavors and are being distilled from untraditional ingredients, like grapes. In this cluttered marketplace, companies are resorting to marketing gimmicks that focus on image rather than what's in the bottle itself. As a result, consumers have become confused as to what exactly vodka is and why they are paying astronomical prices that seem unrelated to what is in the bottle.

"Sobieski Vodka can go head-to-head against competitors' vodkas that charge double or triple the price. We welcome consumers to taste Sobieski Vodka and decide for themselves," added Brandes.

Thursday, September 20, 2007

Dollar in weakest position against Polish zloty in 11 years

Dollar in weakest position against Polish zloty in 11 years

Created: Thursday, September 20. 2007

Another wave of dollar sell-offs, which could be observed on the currency market Thursday morning, has also influenced the dollar to zloty exchange rate, which after 9 a.m. reached a rock-bottom 2.6803 zloty, making it the lowest since 3 June 1996.

Thursday's US currency sell-off is still a consequence of the Tuesday decision made by the American Federal Open Market Committee (FOMC), which lowered the rate of federal funds by 50 base points.

In the coming hours the USD/PLN exchange rate should follow closely the changes on the Eurodollar market.

An increase of this pair will lead to a further strengthening of the Polish zloty, say analysts.

Today’s strengthening of the Polish zloty against the dollar is accompanied by a stabilization of the EUR/PLN exchange rate.
Forex - US Dollar Edges Down Against Polish Zloty [USD/PLN]

9/13/2007 4:12:30 AM The US dollar moved slightly higher against the Polish zloty in the early deals on Thursday and hit as high as 2.7193 by about 2:15 am ET. However, the pair lost ground thereafter and reached 2.7100 at about 4:10 am. The US August Retail sales data is expected tomorrow.


Forex - Dollar Mixed Against Southeast Asian Currencies []

9/13/2007 4:00:58 AM The U.S. dollar showed a mixed performance against the Southeast Asian currencies on Thursday. During the early deals, the U.S. dollar drifted lower against its Singapore and the Malaysian counterparts and touched the new multi-day lows, but it advanced versus the Hong Kong dollar. However, the dollar reversed the trends shortly. Against the Thai Baht, the dollar moved sideways.

On the other hand, the dollar traded in a loose range versus the Indonesian Rupiah, but it dropped against the Philippine Peso and the South Korean Won. Against the Indian Rupee, the dollar largely moved sideways during the session.

The U.S. monthly budget statement for August and the initial jobless claims are expected later in the morning.

In the early Asian deals on Thursday, the U.S. currency weakened versus the Singapore dollar. After touching a low of 1.5108 by about 9:40 pm ET Wednesday, the Greenback partly bounced back and then moved sideways. As of now, the pair has been trading near 1.513.

The U.S. currency showed choppy trading against the Hong Kong dollar in the early Asian deals on Thursday. However, at about 8:25 pm ET Wednesday, the Greenback made a sharp spike higher and thus the pair climbed from 7.7871 to 7.7915 within an hour. Soon after, the pair lost ground and it is currently trading near 7.789.

During the Asian deals on Thursday, the U.S. dollar moved between 34.24 and 34.26 versus the Thai Baht. At about 12:15 am Eastern Time, the dollar slid briefly and touched 34.23. But the pair reversed the losses thereafter and moved sideways. As of now, the pair is trading at 34.26.

The U.S. dollar edged lower against the Malaysian Ringgit during the early Asian session on Thursday and hit a low of 3.4835 at 8:30 pm ET Wednesday. Thereafter, the dollar gained ground and fetched 3.4955 by about 2:05 am ET, before it declined again. Currently, the pair has been trading near 3.487.

In the early Asian deals on Thursday, the U.S. dollar held steady at 0.9421 versus the Indonesian Rupiah. However, the dollar slipped by about 9:05 pm ET, but it rebounded soon after and entered a loose range limited between 0.9405 to 0.9421.

Against the Philippine Peso, the U.S. dollar declined in the early Asian deals on Thursday. The pair touched a low of 46.45 at 9:50 pm Eastern Time Wednesday. The dollar then traded in a loose range and the pair has been currently trading near 46.6.

After a brief downtrend, the U.S. dollar held steady versus the Indian Rupee during the early Asian deals on Thursday. But by about 10:25 pm ET Wednesday, off 40.20 the dollar strengthened to 40.67. However, the pair edged down thereafter and moved between 40.18 to 40.45.

Drifting lower in the early Asian deals on Thursday, the U.S. dollar fetched 929.30 against the South Korean Won at 9:00 pm ET Wednesday. This was the new 1-month low for the pair. The dollar then partly reversed the losses and held steady at 931.51.


Forex - Dollar Falls Against Slovak Koruna [USD/SKK]

9/13/2007 3:57:51 AM The US dollar drifted higher against the Slovak koruna in the early deals on Thursday. Up from yesterday's close of 24.1860, the pair fetched as high as 24.2330 by about 3:15 am ET. Thereafter, the dollar lost ground and equaled 24.1760 as of 3:50 am against the Slovak koruna

Poland's finance ministry proposes lower than expected 2008 deficit

Poland's finance ministry proposes lower than expected 2008 deficit
09.20.07, 10:53 AM ET


WARSAW (Thomson Financial) - Poland's finance ministry said it would propose a 2008 budget deficit of 28.6 bln zlotys to the cabinet, despite new spending measures passed by parliament this month that it had said would lift the deficit cap to 30 bln zlotys.

'We have finished work on next year's budget act. It can be sent to parliament at the end of September,' Finance Minister Zyta Gilowska told a news conference.

'After incorporating EU aid and co-funding, the increased family tax break passed by parliament and bigger-than-expected inflows from dividends from state companies, we want to propose a deficit of 28.63 bln zlotys,' she said.

Lord Swraj Paul's Caparo group buys Polish forgings firm Zuo Bomet; weighs investments in India

Lord Swraj Paul's Caparo group buys Polish forgings firm Zuo Bomet; weighs investments in India
19 September 2007

Mumbai: NRI industrialist Lord Swraj Paul's Caparo group has acquired a medium-sized Polish company producing a range of forgings for the ship building industry, even as the group announced plans for further investments in India.

"Caparo Plc is pleased to announce the purchase of Zuo Bomet SA, Barlinek, Poland from the Agencja Rozwoju Przemyslu SA and Korporacja Polskie Stocznie SA," the group said in a statement.

Bornet will form part of the Caparo Forging group of companies and will be owned by the UK company, Caparo Engineering Limited.

Caparo group chairman and NRI industrialist Lord Swraj Paul, meanwhile, will take stock of the operations of the group's automobile plants and assess further investment prospects in India during a fortnight-long visit to the country beginning Friday.

Lord Paul will also attend the inauguration of the 120-acre Caparo Industrial Complex at Sriperumbudur in Tamil Nadu on October 4.

He will inaugurate the newly set up Caparo School of Excellence in Manufacturing and Materials Technology in Jalandhar, his birthplace.

The Ambika Paul Foundation, a charitable trust, would run the School, in the name of his daughter Ambika who lost her battle with Leukaemia in 1968.

The Caparo group, run by CEO Angad Paul, younger son of Lord Paul, has $1.5 billion turnover. The company operates from over 50 sites in the UK, India, North America, Spain and Poland.

With business interests predominantly in the manufacture of steel, automotive and engineered product, the Caparo group's activities encompass materials testing services, hotels, film distribution and private equity investment.

Britons can save up to 70% by going abroad for dental treatment

Britons save thousands on treatment abroad
The Mail on Sunday’s recent investigation into medical tourism revealed that Britons can save thousands of pounds in choosing to have their treatment abroad.

It reported: “35,000 Britons a year travel abroad for dental work, while nearly 60,000 searched online for information on dental tourism in July - up more than 50% on the previous month. 'Dental tourism' is a growing phenomenon, with more Britons combining a flight to a holiday resort with a visit to the dentist.”

Several European countries, but chiefly Hungary, Poland, Turkey or Croatia , or even as far a field as Thailand are all cashing in on the boom because of their low-cost, high-quality dental care.

“Strange as it may sound, it is the perfect holiday for a growing number of Britons who cannot get treatment on the NHS and do not want - or cannot afford - to pay big bills for going private, “ the Mail on Sunday revealed.

“This booming business is a direct result of the difficulty Britons have in finding an NHS dentist since the introduction of new contracts in April 2006 that saw a limit in the number of treatments that dentists could claim for from the NHS. This meant many dentists moved into private practice - leaving a shortfall of more than 2,000 for NHS patients.“

Department of Health figures suggest that the number of people with access to NHS dentists has fallen by 47,000 since 2006.
In 2006, over a million people had no access to NHS dental care and the situation will not be improving.

“According to a survey by medical cash plan provider HSA, about 40% of those questioned believed it was only 'a matter of time' before NHS dentistry disappeared altogether.

“Britons can save up to 70% by going abroad for dental treatment. Dental implants, which cost £2,000 on average to have done in Britain costs only £800 in Poland. There are also huge savings to be made on less expensive procedures. Veneers that cost £500 in the UK are £270 in Hungary, £215 in Poland and £150 in Thailand. Most people opting for treatment abroad combine it with a holiday to help keep down costs.”

Tuesday, September 18, 2007

General Motors wants to rebuild FSO in Poland


General Motors wants to rebuild FSO in Poland

Created: Tuesday, September 18. 2007

As Poland returns to the group of leaders in car manufacturing in the region. General Motors wants to make Poland a European center of Chevrolet manufacturing.

In order to turn the FSO factory in Warsaw into a European centre producing around 400,000 Chevrolets, GM is even ready to return the 138 million euros that the Polish state invested into rescuing FSO after the Korean Daewoo car manufacturer went bankrupt, reports Rzeczpospolita.

General Motors, ten days ago, announced that they paid 254,5 million dollars for 40% of FSO shares.

"It is not about a five-year cooperation here, but about being involved for 25 years or even more", explains Peter Forster, CEO for General Motors Europe.
GM in Poland
General Motors Poland was registered on 31 May 1991 and developed rapidly from the very beginning, with as many as 25 dealers and 14 Authorised Service Stations already in 1992. Currently, Opel's sales network includes 210 main dealers and 67 satellites.

On 28 May 2004, GM Poland launched the sales of Chevrolet cars. Chevrolet network includes 104 main dealers and 18 satellites.

Since September 2004, General Motors Poland has assumed the duties of the main importer and distributor for the Saab brand. Saab is present in Poland with 21 dealerships.

GM has invested over EUR 650 million in General Motors Manufacturing Poland. At present, three models are produced in Gliwice: the Agila microvan, the Astra Classic II, and as of September 2005, Zafira II – the latest version of Opel's 7-seat van.

At a Glance 2005 2006
Employees: 2,840 3,670
Total Registrations: 31,220 32,144
Market Share: 11.1% 10.9%
Total Production: 127,127 186,358
Dealerships: 76 420
History
The history of General Motors in Poland started in 1928, when the Chevrolet assembly plant was opened in Warsaw. The plant produced then a 600 cars a year.

At present, General Motors Poland was registered on 31 May 1991 and from the very beginning developed rapidly. From all General Motors brands Opel, Chevrolet and Saab are sold on the Polish market as well as Cadillac and Corvette models offered by independent importers.

General Motors Poland started production in Poland in 1994, when the assembly of Opel Astra and, then, of Vectra in 1998, was started in Warsaw. The assembly plant in Warsaw ceased operations in June 2000, after the Opel factory in Gliwice was opened in October 1998.

GM has invested in Opel Polska – currently General Motors Manufacturing Poland – over Euro 650 million, and the first model produced by that plant was Astra Classic. Currently three models are produced in Gliwice. Modern methods of management and production, well-qualified staff, high quality and care for the environment are the chief elements shaping the success of the investment.
Headquarter / Contact information
General Motors Poland Sp. z o.o.
Domaniewska 41 str.
Mercury Bldg.
02-672 Warsaw
Poland
Central switchboard: (+48-22) 606 17 00
Customer service number: (+48-22) 606 17 77

General Motors Manufacturing Poland Sp. z o.o.
Adam Opel 1 str.
44-121 Gliwice
Poland
Central switchboard: (+48-32) 270 90 00
GM Fleet in Poland
Saab:
Andrzej Zelazny
GENERAL MOTORS POLAND
ul. Domaniewska 41
02-672 Warszawa
Tel.: +48 22 606 17 36
Mobile: +48 604 158 992
E-mail: fleet@pl.gm.com
www.saab.pl / www.saab.com.pl

Opel and Chevrolet:
Dzial Sprzedazy Zbiorowej
GM Poland
ul. Domaniewska 41
02-672 Warszawa
Tel.: +48 22 606 17 44 / 606 17 00
Fax: +48 22 606 16 68
E-mail: fleet@pl.gm.com
www.opel.com.pl
www.chevrolet.pl
Odwiedź stronę korporacyjną GM Europe w celu uzyskania informacji dotyczących naszych marek, pozyskaniu danych statystycznych oraz ogólnych informacji dotyczących firmy. Dowiesz się również o procesie projektowania i produkcji oraz o rozwiązaniach związanych z napędem hybrydowym czy ogniwami paliwowymi, czyli o przyszłości motoryzacji.

www.gmeurope.com

Jeżeli posiadasz umiejętności, wiedzę i jesteś osobą ambitną zgłoś swoją kandydaturę rejestrując się w naszej bazie. Naciśnij „zarejestruj się” i wypełnij formularz, po zakończeniu tego procesu będzie możliwe:


Wyszukiwanie oferty pracy w naszym GM Europe Job Board.
http://iem-gm-candidate.adeccoweb.net/?language=PL

Modyfikowanie swojego własnego CV, które pozwoli Ci aplikować na oferty pracy GM Europe.

Utworzenie powiadomienia o ofercie pracy dopasowanej do swojego profilu zawodowego. Dzięki temu dowiesz się o ofercie tak szybko jak tylko będzie dostępna.

Wednesday, September 12, 2007

Polska sercem biznesu europejskiego?


Polska sercem biznesu europejskiego?
Nasz Dziennik, 2007-09-12
Globalny rynek offshoringu w 2008 r. będzie wart 100 mld USD



Centra usług wspólnych i outsourcing są szansą na przyciągnięcie nowych inwestorów do Polski - twierdzi Polska Agencja Informacji i Inwestycji Zagranicznych. Nasz kraj, jako największy w regionie, ma szansę zostać liderem na tym rynku, ale do tego potrzebne są dalsze skuteczne działania państwa oraz biznesu dla pozyskania nowych inwestorów.

- Polska ma unikalną szansę zostać światowym liderem, przyciągnąć nowych inwestorów do naszego kraju. W tej chwili Europa Wschodnia i Centralna to jest region, gdzie najwięcej takich projektów jest planowanych - potwierdza Jerzy Kalinowski z firmy doradczej KPMG.

Według jakich kryteriów inwestorzy wybierają lokalizacje?
- Zwracają uwagę przede wszystkim na cztery kryteria, po pierwsze makroekonomię, czyli jak rozwija się dany kraj gospodarczo i politycznie, po drugie - ocenę potencjału ludzkiego, czyli jaki kapitał ludzki jest dostępny, i po trzecie - ocenę dostępnej infrastruktury, czyli jakie są warunki do działania i koszty funkcjonowania. Inwestorzy lubią stabilność polityczną i cenią warunki, gdzie łatwo jest prowadzić działalność gospodarczą. Dużą uwagę zwracają na inflację, istotną przy planowaniu finansowym. Osiem miast w Polsce ma szansę stać się ważnymi lokalizacjami centrów usług. Poza Krakowem, Wrocławiem, Łodzią i Warszawą są to: Gdańsk, Poznań, Katowice i Lublin. Szacuje się, że pod koniec 2010 r. w tych placówkach znajdzie zatrudnienie 550 tys. osób. Globalny rynek offshoringu w 2008 r. będzie wart ok. 100 mld USD.

Polska migruje
Jedną z firm, która umieściła swe centrum w Polsce, jest Google. - Polacy szybko biegną do przodu, a Polska trochę za nimi nie nadąża. Firma Google wybrała lokalizację centrum, nie dlatego że zachwyciło nas lotnisko w Krakowie czy też inny aspekt infrastruktury, ale dlatego że uwierzyliśmy, iż tam są absolwenci uniwersytetu, którzy będą robić bardzo dobre projekty informatyczne - tłumaczy Artur Waliszewski z Google Polska. - Mamy ogromny kredyt zaufania wynikający z jakości Polaków jako pracowników. Jest ogromna wiara w potencjał naszego kraju. Atutem Polski jest najwyższy odsetek studentów wśród krajów OECD, a także jej położenie geograficzne - dodaje. Firmy świadczące usługi BPO w Polsce pracują głównie na rzecz dużych koncernów międzynarodowych. Ich oferta obejmuje wiele zakresów, m.in. takie usługi jak techniki informacyjne, finanse i księgowość i logistyczno-magazynowe. W rankingu najbardziej atrakcyjnych krajów dla firm korzystających z offshoringu w 2006 roku Polska znalazła się na piątym miejscu za Chinami, Indiami, Czechami i Singapurem.

Izabela Borańska

Wednesday, September 5, 2007

Polish Oil and Gas Reserves


FX Energy's Polish Oil and Gas Reserves Increase 87%

September 05, 2007: 07:00 AM EST


SALT LAKE CITY, Sept. 5 /PRNewswire-FirstCall/ -- FX Energy, Inc. today released reserves data for its two newest gas discoveries: Winna Gora-1 and Roszkow-1. The two wells, both drilled in 2007, contain gross proved reserves of 36.6 Bcf. The Company holds a 49% interest in the wells and its net share of reserves is 17.9 Bcf. The new reserves represent an 87% increase to the Company's existing proved reserves in Poland, which stood at 20.5 Bcfe as of January 1, 2007. FX Energy's total company-wide reserves were 22.8 Bcfe as of January 1, 2007, before addition of the new wells.

"Our last four discovery wells in Poland, Zaniemysl-3, Sroda-4, Winna Gora-1 and Roszkow-1, have averaged over 18 Bcfe per well in initial proved reserves," said Andy Pierce, Vice President of Operations. "These initial proved reserves are about ten times larger per well than typical U.S. onshore gas wells. Results like these make exploration in Poland very attractive. We plan to expand our exploration efforts in Poland and hope to repeat this success."

The Company also reported the net present value of estimated discounted future cash flows (PV-10% value) of $42.3 million ($1.13 per share) net to its interest from the two new wells as of January 1, 2007. This figure also represents a significant addition to the Company's existing proved reserves value, which was $63.8 million at that date.

Building on two previous gas discoveries, Zaniemysl-3 and Sroda-4, the two newest discoveries (Winna Gora and Roszkow-1), bring the Company's success rate in its core area to 80%. The two new wells, plus the Sroda-4 well, all located in the Company's core area in western Poland and all 49%-owned, have been completed as new discoveries but are not yet producing. They will be added to the Company's production base following permitting and construction of production facilities. Sroda-4 and Roszkow-1 could come on line late 2008 or early 2009, and are anticipated to begin production at rates of 5 Mmcf/d (gross) and 10 Mmcf/d (gross), respectively. The Winna Gora well is capable of another 4 Mmcf/d (gross), although the Company is considering a horizontal leg to allow higher production rates. The Company's 49% share of projected new production from these three wells could be nearly 10 Mmcf/d, an important addition compared to its current 6.0 Mmcfe/d production in Poland.

About FX Energy

FX Energy is an independent oil and gas exploration and production Company. Through 2006, most of the Company's production has been in the United States, primarily in Montana. However, the Company's exploration activity is focused on Poland and production commenced from two successful exploration wells in late 2006. The Company has focused on Poland because it has provided attractive conventional oil and gas exploration and production opportunities. The Company holds a land position of 1.2 million gross acres surrounding and adjacent to its Wilga discovery and 3.0 million gross acres in western Poland's Permian Basin. The Permian Basin's gas-bearing Rotliegend sandstone is a direct analog to the Southern Gas Basin offshore England, and represents a largely untapped potentially significant gas resource. FX Energy is exploiting this untapped potential to create substantial growth in oil and gas reserves and cash flow for its stockholders. The Company trades on the NASDAQ Global Market under the symbol FXEN.

For a discussion of the contingencies and uncertainties to which information respecting future events is subject, see FX Energy's SEC reports or visit FX Energy's website at http://www.fxenergy.com. This release contains forward-looking statements. Forward-looking statements are not guarantees of future drilling or other exploration or development results, the actual presence or recoverability of estimated reserves, the ability to establish reserves equal to the potential of exploration targets, production amounts or revenues, construction costs or schedules or similar matters. Forward-looking statements are subject to risks and uncertainties outside FX Energy's control. Actual events or results may differ materially from the forward-looking statements. For a discussion of additional contingencies and uncertainties to which information respecting future events is subject, see FX Energy's other SEC reports.

Sunday, September 2, 2007

3M to invest at least 200 million dollars in Poland


3M to invest at least 200 million dollars in Poland
15 hours ago

WARSAW (AFP) — US manufactuer 3M plans to invest at least 200 million dollars (270 million euros) in Poland over the next two years, tripling the current level, its local boss said Saturday.

Jose del Solar said in an interview with the daily Rzeczpospolita that 40 to 50 million dollars would be invested in 2008. Most of the extra cash would be in the pharmaceutical and industrial sectors.

3M has just completed a plant for producing optical film for LCD screens at Wroclaw, in southwest Poland, and is constructing another to make adhesive materials. The combined projects are valued at 70 million dollars.

Del Solar said 3M's total investments in Poland already exceeded 100 million dollars. Turnover last year came to 131.6 million, he said, predicting it would rise by 20 percent this year and 30 percent in 2008.