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On Their Own: Homegrown Turnarounds
NET
COMPANY/COUNTRY SALES* PROFIT
INDUSTRY EMPLOYEES MILLIONS MILLIONS
**AGROS/Poland 4,500 $394.3 $19.1
Trading, food processing + 25% + 22%
CEO: Zofia Gaber
**DANUBIUS HOTELS & SPAS/Hungary 2,100 $56.7 $11.7
Hotel management + 38% + 24%
CEO: Sandor Betegh
**GRABOPLAST/Hungary 2,705 $81.8 $8.9
Interior textiles + 54% + 167%
CEO: Peter Jancso
**POLFA KUTNO/Poland 1,350 $54.3 $5.2
Drug manufacturing + 16% + 49%
CEO: Wiktor Tomusiak
**PWN PUBLISHING/Poland 500 $40 $9.6
Publishing + 49% + 123%
CEO: Grzegorz Boguta
**RABA/Hungary 6,200 $153.9 $5.6
Engine, truck manufacturing + 17% + 51.3%
CEO: Barnabas Zalan
**RICHTER GEDEON/Hungary 4,436 $204 $62.8
Pharmaceuticals + 34% + 43%
CEO: Erik Bogsch
**STOMIL SANOK/Poland 2,200 $51.5 $4.8
Rubber parts + 9% + 86%
CEO: Marek Lecki
**WROZAMET/Poland 1640 $46.4 $1.9
Oven manufacturing + 53% + 5,885%
CEO: Ryszard Plichta
**ZPS ZLIN/Czech Republic 2,030 $194.3 $7.67
Precision engineering + 40% + 158%
CEO: Radomir Zbozinek
COMPANY/COUNTRY
INDUSTRY MAJOR SHAREHOLDERS
**AGROS/Poland Foreign investors, 50%;
Trading, food processing Management, 37%
CEO: Zofia Gaber
**DANUBIUS HOTELS & SPAS/Hungary Interag, 34.5%
Hotel management
CEO: Sandor Betegh
**GRABOPLAST/Hungary Menedzser Invest, 17%
Interior textiles
CEO: Peter Jancso
**POLFA KUTNO/Poland Enterprise Investors, 49%;
Drug manufacturing Pioneer First Enterprise Fund,
CEO: Wiktor Tomusiak 10%; Scudder, 10%; State
Treasury, 10%
**PWN PUBLISHING/Poland Luxembourg Cambridge
Publishing Holding Group, 65%;
CEO: Grzegorz Boguta State Treasury, 1.8%;
Employees, 33.2%
**RABA/Hungary State and local
Engine, truck manufacturing municipalities, 100%
CEO: Barnabas Zalan
**RICHTER GEDEON/Hungary State Privatization & Holding
Pharmaceuticals Co., 38.5%; Foreign institu-
CEO: Erik Bogsch tional investors, 46.9%
**STOMIL SANOK/Poland Enterprise Investors,
Rubber parts 66.5%
CEO: Marek Lecki
**WROZAMET/Poland National investment funds,
Oven manufacturing 69.2%; State Treasury,
CEO: Ryszard Plichta 19.2%
**ZPS ZLIN/Czech Republic Domestic funds, 74%;
Precision engineering employees, 4%; state, 2%
CEO: Radomir Zbozinek
COMPANY/COUNTRY
INDUSTRY STRATEGY
**AGROS/Poland Expand into manufacturing
Trading, food processing from foreign trade; focus on
CEO: Zofia Gaber high-margin food processing
**DANUBIUS HOTELS & SPAS/Hungary Market to spa tourists from
Hotel management Western Europe; modernize
CEO: Sandor Betegh natural thermal sites
**GRABOPLAST/Hungary Target fast-growing
Interior textiles home-renovation market
CEO: Peter Jancso throughout region
**POLFA KUTNO/Poland Spin off nondrug businesses;
Drug manufacturing expand into Ukraine
CEO: Wiktor Tomusiak
**PWN PUBLISHING/Poland Develop electronic
Publishing publishing; expand into
CEO: Grzegorz Boguta legal books and new
locations
**RABA/Hungary Joint manufacturing
Engine, truck manufacturing deals; will be privatized
CEO: Barnabas Zalan by yearend
**RICHTER GEDEON/Hungary Reestablish markets in
Pharmaceuticals the former Soviet Union
CEO: Erik Bogsch
**STOMIL SANOK/Poland Close down noncore busi-
Rubber parts nesses; introduce quality-
CEO: Marek Lecki management techniques
**WROZAMET/Poland Market research led to suc-
Oven manufacturing cessful positioning of new
CEO: Ryszard Plichta Mastercook brand; now
expanding exports
**ZPS ZLIN/Czech Republic Expand in U.S. using
Precision engineering Japanese knowhow
CEO: Radomir Zbozinek
* Current market exchange rates
** Publicly traded
DATA: BUSINESS WEEK
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Updated June 23, 1997 by bwwebmaster
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