Polish footwear manufacturer’s profits soar 160%
Based in Nowy Targ, footwear manufacturer, ZPH Wojas, has posted a massive 160% increase in profits to zł.48 million (€10 million) for the full year 2003. The company’s sales, however, declined 9% to zł.1 million (€208, 739).
The company, which make shoes for Dr. Martens, has estimated that its production will total £1 million during 2004. In 2003 it produced 10,000 pairs for Dr. Martens and predicts this will rise to 50,000 this year.
Aleksandra Krysiak, head of the Polish Chamber of Shoe and Leather Industry (PIPS), said that 40% of the country’s exports are to Eastern European markets and added that countries such as the
