Polish privatization: Fabryka Łączników Radom S.A.

The Ministry of Treasury in Poland invites to participate in the negotiations to purchase the shares of Fabryka Łączników Radom S.A.The principal object of Company’s activity is cast iron founding, manufacture of cast iron tubes, manufacture of other metal products, metal processing and coating. It encompasses more than 200 assortments of fittings, heater couplings and castings made of blackhearth malleable cast iron in grade W400-5, sized from 3/8 - 4 inches, manufactured according to PN-EN 10142, ISO 49, DIN 2950 with the use of clay-bonded sands, and thermosetting core compounds and phenol-formaldehyde resin-bonded sand cores.

Fittings Factory Radom S.A. is the largest producer of cast iron fittings in the domestic market. It’s market share is estimated at the level of 4-5 thousand tonnes, which constitutes approx. 40% of the overall demand for fittings.

The deadline for submitting written Responses by the Potential Investors who have received the Memorandum shall expire 30.04.2010 at 14.00 Warsaw time.

Czech Industrial Production: Almost Out of Recession

Based on the preliminary release of the Czech Statistical Office the industrial production seemed to grow on a Dec/Dec basis by 2.1%, albeit if the data is adjusted by the number of working days which was higher in 2009, the daily production average is still -0.4% below last year's end. The end of 2008 is low basis of course in the midst of the world economic crisis, bit it looks that the Czech industry is not going down any more. The final release will be issued on 11 February.