Mining equipment suppliers eye foreign markets
August 19, 2014
Mining equipment producers Kopex and Famur are forced to look for new markets abroad as poor situation in the Polish mining sector limit prospects for the firms, representatives of the companies and analysts say.
Maintaining last year's results will be a challenge, Kopex CEO Jozef Wolski says. Some mines are on the verge of bankruptcy, which forces mining equipment suppliers to look for chances abroad, ING Securities Andrzej Kubacki said.
Famur's target now is increasing foreign sales, Famur vice president Rafal Milinkiewicz says adding that the company considers emerging markets as most promising. The company wants to export its machinery to Chile, India, Turkey and Near East.
Kopex expects to deliver its shareholders good news from Argetina, Chile and Russia this year, Wolski says.