Companies / Poland
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Polish Carmaker's Booming Ukrainian Sales
September 2006 | Company Finance AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Last year, Polish carmaker FSO was facing bankruptcy, struggling with low orders and uncertainty over its long-term future. Since Ukraine's AvtoZAZ bought up the state's controlling 20% share in the firm in late 2005, FSO's outlook has brightened, benefiting from a rise in exports of its Daewoo Lanos model to Ukraine. Company sources suggest that the Polish built Lanos now commands a 35% share of the Ukrainian market. Production at the plant is set to accelerate to between 85,000 and 95,000 units in 2006, increasing the utilisation of capacity from 5% to